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Nutanix Inc - A Rises 5.62% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Nutanix Inc - A (NASDAQ:NTNX) traded in a range yesterday that spanned from a low of $39.75 to a high of $41.49. Yesterday, the shares gained 5.6%, which took the trading range above the 3-day high of $41.48 on volume of 1.6 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 is tracking the current trend status for Nutanix Inc - A and will alert subscribers who have NTNX in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Nutanix Inc - A has traded in a range of $23.02 to $64.87 and is now at $40.94, 78% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 1.6%.

Keywords: rebounders nutanix inc - a

Ticker(s): NTNX