NETGEAR (NTGR): Wi-Fi Expansion Drives Business Strength

NETGEAR, Inc. (NTGR) is a leading provider of networking solutions, offering Wi-Fi routers, mesh systems, and smart home security products. The company focuses on delivering high-performance internet connectivity for homes and businesses, keeping up with the growing demand for faster and more reliable connections. As more people work from home and stream content, NETGEAR continues to expand its product line with advanced technology to meet consumer needs.

NTGR recently showed a confirmation bar with increasing volume, moving into the momentum zone, which happens when the price moves above the 0.236 Fibonacci level. This signals growing investor interest and potential for further gains. A trailing stop can be set using Fibonacci levels with the Fibonacci snap tool, allowing traders to manage risk levels.