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Nutanix Inc - A Bearish Moving Average Crossover Alert (NTNX)

By Shiri Gupta

Nutanix Inc - A (NASDAQ:NTNX) crossed under its 10-day moving average of $26.58 on a volume of 716K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Nutanix Inc - A have traded between a low of $24.61 and a high of $63.38 and are now at $26.45, which is 7% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 3.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Nutanix Inc - A on May 13th, 2019 by issuing a Downtrend alert when the shares were trading at $35.56. Since that call, shares of Nutanix Inc - A have fallen 24.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses nutanix inc - a

Ticker(s): NTNX