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After Yesterday's Rally of 1.31% Shares Could Potentially Pullback

By David Diaz

Nutanix Inc - A (NASDAQ:NTNX) traded in a range yesterday that spanned from a low of $42.14 to a high of $43.65. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $42.45 on volume of 3.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 20.6%. 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 $42.78, 197% 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