Morning Research on NetApp, Fusion-io, Brocade Comm. Systems, and Quantum

Wed Mar 6, 2013 8:01am EST

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LONDON,  March 6, 2013  /PRNewswire/ --

The markets continued their bullish streak and ended the day with new all time
highs. The technology sector also joined in as shares soared and benchmark
NASDAQ closed at 3,224.13, up 1.32 percent. The Dow Jones ended its latest
session at 14,253.77, up 0.89 percent. Similarly, S&P also closed on a bullish
note at 1,539.79, up 0.96 percent. Our research team took a look at Technology
sector, studying the data storage industry which includes major companies like
NetApp Inc. (NASDAQ: NTAP), Fusion-IO Inc. (NYSE: FIO), Brocade Communications
Systems Inc. (NASDAQ: BRCD) and Quantum Corp. (NYSE: QTM). StockCall has posted
free technical research reports on NTAP, FIO, BRCD, and QTM and these can be
accessed by signing up at

NetApp Inc. shares were up for its latest trading session on Tuesday, ending the
day 1.64 percent higher at  $34.14. The stock fell to an intra-day low of 
$33.73, while its intra-day high stood at  $34.55. Its trading volume for the
day stood at 4.10 million, down from its average volume of 5.89 million. Despite
the upward movement, NetApp's shares have gained 1.76 percent this year,
compared to a gain of 7.97 percent for the S&P 500. The shares have strong
support at around  $33.50, as the stock shows a bullish trend. The stock is
trading below than its 20-day and 50-day moving averages. Download the free
report on NTAP upon registration at

With a mild decline in its previous trading session, Fusion-IO Inc. is still
down 28.3 percent for the year. It has declined 49.02 percent in the past 52
weeks. The stock closed 0.06 percent lower at  $16.44  on volume of 2.06 million
shares yesterday. Its average trading volume stands at 3.68 million shares. The
tech company's shares currently face resistance at around  $16.83. The stock has
support at around  $15.56. Upon breaching this level, the stock may tumble down
to  $13.98. It is currently trading below its 20-day and 50-day moving averages,
which is a bearish signal. FIO technical report can be accessed for free by
signing up at

Shares of Brocade Communications Systems Inc. edged higher in Tuesday's trading
session, tracking movement in the broad market. The stock closed 1.76 percent
higher at  $5.78  on below average volume of 4.72 million. Brocade's shares have
gained more than 8 percent this year, in-line with the broad market. It has
support at  $5.71. With the upward movement, the shares are still trading above
their 50-day and 200-day moving averages. The stock's MACD is also trading above
the signal line and the zero-line. Both of these are bullish signals. The free
report on BRCD can be downloaded by signing up now at

Quantum Corp. is currently in a neutral mode as the stock ended yesterday's
trading session at  $1.25. The stock traded in the range of  $1.24  and  $1.28 
during the session. Its first support level is at  $1.20  and upon breaching
this level, the stock may go down to  $1.15  level. On the upside, Quantum's
stock may touch  $1.33  level. The stock has traded in the range of  $1.00  and 
$2.71  in the past 52 weeks and it declined by 49.8 percent during the same time
period. On a Year-to-Date basis, the stock is up 0.81 percent. Free report on
QTM can be accessed by registering at

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Contact Person: William T. Knight, Email:, Contact Number:
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