Markets

Netgear (NTGR): Moving Average Crossover Alert

Are you a technical investor? If so, it may be time to consider Netgear Inc.NTGR for your portfolio. The company just saw its 50 Day Moving Average breakout above its 200 Day Simple moving average, a trend that could indicate some bullishness in the future for NTGR.

This trend may have already begun, as shares of NTGR have moved by higher by 33.5% in just the past month. Plus, NTGR has earned itself a Zacks Rank #1 (Strong Buy), so there is plenty of reason to believe that the run for Netgear has plenty of life left.

More bullishness may especially be the case when investors consider what has been happening for NTGR on the earnings estimate revision front lately. No estimate has gone lower in the past two months, compared to 1 higher, while the consensus estimate has also moved higher too.

So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future.

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NETGEAR INC (NTGR): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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