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SmarTrend Watching for Potential Pullback in Shares of Nutanix Inc - A After 1.58% Gain

By Amy Schwartz

Nutanix Inc - A (NASDAQ:NTNX) traded in a range yesterday that spanned from a low of $22.00 to a high of $23.00. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $22.38 on volume of 6.2 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 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 10.9%. We continue to monitor NTNX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Nutanix Inc - A has traded in a range of $14.38 to $46.78 and is now at $22.36, 55% above that low. 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