Article published Aug 14, 2026. Prices below use latest available snapshots.
Editorial Note: NET at $237.24 RSI 54.6 is the quiet outperformer of the EOW rotation week. While the MAG7 cohort and broken-stack names flushed hard, NET bucked the tape with a +3.44% 7D gain — the only name in this 11-name refresh list to close the week in positive territory. The 30D return of +13.39% and 3M of +16.86% confirm the uptrend is intact and broadening. RSI 54.6 is comfortably neutral-to-positive, SMA20 at $238.86 is only -0.7% above — price is essentially at the 20-day, not below it. The full moving-average stack is ascending: SMA20 $238.86, SMA50 $222.11, SMA200 $207.80 — all below price (golden cross confirmed). Regime "pullback" but the price action says that label is stale — NET barely pulled back this week. From 52wk high at -14.3%, there is still meaningful upside to prior highs. The prior $260 bull target remains -8.7% away. The fundamental thesis (edge compute, Workers AI, R2 storage) is intact and the tape is now adding relative strength to the list. At RSI 54.6 with price at SMA20 and the full ascending stack below, NET is in a "hold and wait for SMA20 reclaim confirmation" setup — the bounce-off setup is already working. The held 30 shares @ $177.38 avg are now ~+34% P/L. Trail stop to SMA50 ($222) at minimum.
2026-07-11 tape check: The outperformance has continued and accelerated. NET is now $268.40, RSI 64.8, +11.5% above SMA20 ($240.80), +16% above SMA50, and +28.2% above SMA200 — the full ascending stack has widened further. 7D +8.66%, 30D +18.01%, 3M +45.85% (up sharply from +16.86%), and the drawdown from the 52-week high has closed to just -4.19% (from -14.3%) — NET is within striking distance of a new high. Regime now correctly reads "uptrend" (the stale "pullback" label flagged June 26 has cleared). The prior $260 base target has been exceeded; price is now closing on the $285+ bull target. Held position (30 shares @ $177.38) is ~+51% P/L. Thesis confirming strongly, no divergence — trail stop should move up from SMA50.
2026-07-17 tape check: Still outperforming, at a calmer pace. NET $277.66, RSI 65.2 (essentially flat vs 64.8), +10.2% above SMA20, +17.3% above SMA50, +31.8% above SMA200 — the ascending stack remains fully intact. 7D +3.45% (cooled from +8.66%), 30D +23.92% (accelerated), 3M +35.57% (slightly softer vs +45.85%). -4.58% from 52wk high, essentially unchanged — still within striking distance of new highs. Held position (30 shares @ $177.38) is ~+56% P/L. No divergence; thesis confirming strongly.
2026-07-25 tape check (Friday 2026-07-24 close): The run has finally cooled. NET $262.15 (-5.6% vs $277.66), RSI 53.4 (down from 65.2) — now essentially at SMA20 (-0.4%, from +10.2% above), +8.4% above SMA50 (narrowed from +17.3%), +23.7% above SMA200 (narrowed from +31.8%) — golden cross still intact. 7D has flipped negative to -5.59% (from +3.45%), 30D has moderated to +17.3% (from +23.92%), and 3M has moderated to +26.6% (from +35.57%). -9.86% from 52wk high — widened from -4.58%, giving back some of the striking-distance gap to new highs. Held position (30 shares @ $177.38) is ~+47.8% P/L. No thesis divergence — this reads as the first real pullback after an extended run, not a reversal; trail stop should hold rather than chase the pullback down.
2026-07-28 tape check: The pullback has stabilized just below SMA20. NET $264.10 (+0.7% vs $262.15), RSI 54.2 (essentially flat vs 53.4) — still essentially at SMA20 (-0.5%, roughly unchanged) and +8% above SMA50 (roughly flat). 7D has improved to -3.01% (from -5.59%), while 30D has moderated further to +8.34% (from +17.3%) and 3M has moderated to +24.59% (from +26.6%) — both a base-effect drag as the June-July run rolls out of the trailing window rather than fresh weakness. -9.24% from 52wk high — narrowed slightly from -9.86%. Held position (30 shares @ $177.38) is ~+48.9% P/L. No thesis divergence; NET remains the outperformer of this cohort even as the broader tape whips around it.
2026-07-31 tape note: NET $278.98 (+5.63% vs $264.10), RSI 61.3 (warmed from 54.2). 7D +6.42% (turned positive from -3.01%), 30D +13.26% (accelerated from +8.34%), 3M +28.27% (accelerated from +24.59%). From the 52-week high, the gap is -5.04% (narrowed from -9.24%). Per the tape: trend "strong-up", regime "uptrend", golden cross intact. No new fundamentals re-researched. Per the full-scan summaries (2026-07-31 close). 2026-08-08 tape note: NET $300.27 (+7.63% vs $278.98), RSI 64.5 (warmed from 61.3). 7D +7.63% (accelerated from +6.42%), 30D +9.83% (moderated from +13.26%), 3M +53.10% (accelerated from +28.27%). From the 52-week high, the gap is -3.95% (narrowed from -5.04%). Per the tape: trend "strong-up", regime "uptrend", golden cross intact. Cloudflare's Q2 landed 2026-08-06 — EPS $0.29 vs $0.27 est. (beat) — and the stock moved +2.5% across the print per the desk's earnings-event record, a modest confirming reaction consistent with the ongoing uptrend. No filed quarter is on the desk's financial sources yet. Per the full-scan summaries (2026-08-07 close). 2026-08-14 tape note: NET $315.78 (+5.17% vs $300.27), RSI 64.3 (cooled from 64.5). 7D +5.17% (moderated from +7.63%), 30D +15.65% (accelerated from +9.83%), 3M +59.84% (accelerated from +53.10%). From the 52-week high, the gap is -0.42% (narrowed from -3.95%). Per the tape: trend "strong-up", regime "uptrend", golden cross intact. No new fundamentals re-researched. Per the full-scan summaries (2026-08-14 close).
Quick Snapshot
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 61.3 | neutral, warmed from 54.2 |
| Trend | Strong-up | Unchanged |
| Golden cross | Yes | Full ascending stack intact |
| SMA20 vs Price | +3.2% above | reversed to above |
| 7D return | +6.42% | turned positive from -3.01% |
| 30D return | +13.26% | accelerated from +8.34% |
| 3M return | +28.27% | accelerated from +24.59% |
| From 52wk High | -5.04% | Gap narrowed from -9.24% |
| HELD POSITION | 30 shares @ $177.38 avg | ~+48.9% P/L — trail stop should hold |
Action Matrix
| Scenario | Level | Notes |
|---|---|---|
| Entry zone | $210–$230 | SMA50 area — now well below current price; add only on a deep flush |
| Stop-loss | $237 (SMA50) | Trail up as SMA50 has risen further |
| Target (base) | $260 | Prior 52wk high target — already exceeded |
| Target (bull) | $285+ | New high on edge-AI monetization — narrowing |
| Current | RSI 61.3, strong-up | uptrend, -5.0% from 52wk high |
Price Data
| Metric | Value |
|---|---|
| Price | $315.78 |
| RSI (14) | 64.3 |
| SMA20 | $286.90 (+10.1%) |
| SMA50 | $263.01 (+20.1%) |
| SMA200 | $217.71 (+45.0%) |
| Trend | strong-up |
| Golden cross | Yes |
| Regime | uptrend |
| 7D | +5.17% |
| 30D | +15.65% |
| 3M | +59.84% |
| From 52wk High | -0.42% |
Key Changes vs 07/28
| Metric | 07/28 | 07/31 | Change |
|---|---|---|---|
| Price | $264.10 | $278.98 | up |
| RSI | 54.2 | 61.3 | warmed |
| SMA20 vs Price | -0.5% | +3.2% | reversed to above |
| 7D | -3.01% | +6.42% | turned positive |
| 30D | +8.34% | +13.26% | accelerated |
| 3M | +24.59% | +28.27% | accelerated |
| From 52wkHi | -9.24% | -5.04% | narrowed |
| Regime | Uptrend | Uptrend | Unchanged |
| Verdict | Tape update: price now $278.98 (+5.6% vs prior refresh), RSI 61.3, trend "strong-up", -5.0% from 52wk high. No new fundamentals re-researched this cycle. |
Research Log
| Date | Note |
|---|---|
| 2026-05-29 | NET $241.82, RSI 63.7, strong-up; +17.98% 30D, +33.59% 3M. April capitulation fully reversed. Trail stop up. |
| 2026-06-16 | NET $230.97, RSI 50.4, neutral; +14.48% 30D. Healthy consolidation after strong run. SMA20 minor pause. |
| 2026-06-26 | NET $237.24, RSI 54.6, strong-up; +3.44% 7D, +13.39% 30D, +16.86% 3M. Week's outperformer — bucked the broad rotation flush. Full ascending MA stack intact. RSI recovered from 50.4 to 54.6. From 52wkHi tightened from -16.56% to -14.3%. Bull target $260 is -8.7% away. Trail stop to SMA50 ($222). 30 shares @ $177.38 avg, ~+34% P/L. No new fundamentals re-researched. |
| 2026-07-11 | NET $268.40, RSI 64.8, strong-up/uptrend; 7D +8.66%, 30D +18.01%, 3M +45.85%; -4.19% from 52wkHi (near a new high); +11.5% above SMA20. Base target ($260) exceeded; bull target ($285+) close. Position ~+51% P/L. No divergence — thesis confirming strongly. No new fundamentals re-researched. |
| 2026-07-17 | NET $277.66, RSI 65.2, strong-up/uptrend; 7D +3.45%, 30D +23.92%, 3M +35.57%; -4.58% from 52wkHi; +10.2% above SMA20. Position ~+56% P/L. No divergence — thesis confirming strongly. No new fundamentals re-researched. |
| 2026-07-25 | NET $262.15, RSI 53.4, strong-up/uptrend; 7D -5.59%, 30D +17.3%, 3M +26.6%; -9.86% from 52wkHi; essentially at SMA20 (-0.4%). Position ~+47.8% P/L. First real pullback after the run; no thesis divergence. No new fundamentals re-researched. |
| 2026-07-28 | NET $264.10, RSI 54.2, strong-up/uptrend; 7D -3.01%, 30D +8.34%, 3M +24.59%; -9.24% from 52wkHi; essentially at SMA20 (-0.5%). Position ~+48.9% P/L. Pullback has stabilized, no thesis divergence. No new fundamentals re-researched. |
| 2026-07-31 | NET $278.98, RSI 61.3, strong-up; 7D +6.42%; 30D +13.26%; 3M +28.27%; -5.04% from 52wk high. No new fundamentals re-researched. |
| 2026-08-08 | NET $300.27, RSI 64.5, strong-up; 7D +7.63%; 30D +9.83%; 3M +53.10%; -3.95% from 52wk high. Earnings-driven: Q2 beat (EPS $0.29 vs $0.27) reported 08-06, ~+2.5% across the print per the desk's event record. No filed quarter yet. |
| 2026-08-14 | NET $315.78, RSI 64.3, strong-up; 7D +5.17%; 30D +15.65%; 3M +59.84%; -0.42% from 52wk high. No new fundamentals re-researched. |
Sources
- Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-07-31 close — *.
- Prior-cycle history: this file's dated update log (refreshed each full scan).