• Return to Headlines

After Yesterday's Decline of 4.53%, Nutanix Inc - A Offers Investors Better Value

By Amy Schwartz

Nutanix Inc - A (NASDAQ:NTNX) traded in a range yesterday that spanned from a low of $20.02 to a high of $21.99. Yesterday, the shares fell 4.5%, which took the trading range below the 3-day low of $21.55 on volume of 7.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

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 $21.01, 46% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

Keywords: rebounders nutanix inc - a

Ticker(s): NTNX