BUY: NetScout Systems, Inc. (NASDAQ: NTCT)
Tuesday, July 17th, 2007BUY: NetScout Systems, Inc. (NASDAQ: NTCT) $9.03 (7/17/07)
Sell price: $9.49 or
Sell date: August 17, 2007
Stop loss: $8.53 (-5.1%) - ATR(10) * 2
Strong contracts in during Q1
Increased guidance just before quiet period
EMA/MACD very bullish
Fibonacci analysis very bullish
Profile: Netscout Systems, Inc (Netscout), designs, develops, manufactures, markets, sells and supports a family of products that enables the performance and availability of critical business applications and services in complex, high-speed networks. The Company manufactures and markets these products as an integrated hardware and software solution that is used by enterprises, governmental agencies and service providers worldwide. During the fiscal year ended March 31, 2007 (fiscal 2007), Netscout introduced a next-generation multi-function instrumentation device named the nGenius AFMon.