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Shares of Nutanix Inc - A Rise to a New 52-Week High

By Nick Russo

Nutanix Inc - A (NASDAQ:NTNX) traded today at a new 52-week high of $61.83. This new high was reached on below average trading volume as 1.2 million shares traded hands, while the average 30-day volume is approximately 2.6 million shares.

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.

Over the past year, Nutanix Inc - A has traded in a range of $16.85 to $61.83 and is now at $61.33, 264% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 1.4%.

Nutanix Inc - A (NASDAQ:NTNX) is currently priced 3.3% above its average consensus analyst price target of $59.29. The stock should discover initial support at its 50-day moving average (MA) of $54.53 and subsequent support at its 200-day MA of $38.31.

SmarTrend recommended that subscribers consider buying shares of Nutanix Inc - A on April 10th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.78. Since that recommendation, shares of Nutanix Inc - A have risen 17.1%. 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