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Nutanix Inc - A Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Shares of Nutanix Inc - A (NASDAQ:NTNX) traded at a new 52-week high today of $53.67. Approximately 2.3 million shares have changed hands today, as compared to an average 30-day volume of 4.1 million shares.

Nutanix Inc - A (NASDAQ:NTNX) is currently priced 18.6% above its average consensus analyst price target of $43.00. The stock should discover initial support at its 50-day moving average (MA) of $17.00 and subsequent support at its 200-day MA of $17.00.

Nutanix Inc - A share prices have moved between a 52-week high of $53.67 and a 52-week low of $14.38 and are now trading 267% above that low price at $52.80 per share. The 200-day and 50-day moving averages have moved 0.31% higher and 0.31% higher over the past week, respectively.

Nutanix, Inc. designs and develops enterprise cloud platforms. The Company provides enterprise cloud platform solutions that converge traditional silos of server, virtualization, and storage into one integrated solution. Nutanix serves customers worldwide.

SmarTrend recommended that subscribers consider buying shares of Nutanix Inc - A on February 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.86. Since that recommendation, shares of Nutanix Inc - A have risen 47.7%. We continue to monitor NTNX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows nutanix inc - a

Ticker(s): NTNX