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Nutanix Inc - A Set to Possibly Pullback After Yesterday's Rally of 4.74%

By Shiri Gupta

Nutanix Inc - A (NASDAQ:NTNX) traded in a range yesterday that spanned from a low of $53.71 to a high of $56.00. Yesterday, the shares gained 4.7%, which took the trading range above the 3-day high of $54.41 on volume of 2.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Nutanix Inc - A share prices have moved between a 52-week high of $56.00 and a 52-week low of $14.38 and are now trading 288% above that low price at $55.75 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.3%.

SmarTrend is monitoring the recent change of momentum in Nutanix Inc - A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Nutanix Inc - A in search of a potential trend change.

Keywords: rebounders nutanix inc - a

Ticker(s): NTNX