Since Coming Public

four days ago, NetSuite Inc.(NYSE:N) had an excellent run. Now the stock is experiencing a little profit taking and the best level of support for the stock appears to be near 32.75-33.25 which is the location of the 61.8% retracement level of the rally. That level is also where the Volume Weighted Average Price (VWAP) is found, meaning that it is the average price paid for the stock in the after market. With little else to base an analysis on, the combination of these price and volume based indicators suggest we look for the stock to find support in that area.