• Return to Headlines

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

By Nick Russo

Nutanix Inc - A (NASDAQ:NTNX) shares have crossed bearishly below their 10-day moving average of $21.84 on a volume of 4.5 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Nutanix Inc - A has traded in a range of $14.38 to $46.78 and is now at $20.71, 44% above that low. 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 10.3%. 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