• Return to Headlines

Nutanix Inc - A Crosses Above its 10-day MA (NTNX)

By Nick Russo

Today, shares of Nutanix Inc - A (NASDAQ:NTNX) have advanced above their 10-day MA of $21.56 on a volume of 420K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Nutanix Inc - A share prices have been bracketed by a low of $14.38 and a high of $46.78 and are now at $21.68, 51% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Nutanix Inc - A on May 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.95. Since that recommendation, shares of Nutanix Inc - A have risen 6.9%. We continue to monitor NTNX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses nutanix inc - a

Ticker(s): NTNX