The Chart of the Day belongs to Nutanix (NTNX). I found the cloud services stock by suing Barchart to sort today’s Top Stocks to Own list first by the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 3/2 the stock gained 40.42%.

Nutanix, Inc. provides an enterprise cloud platform which converges silos of server, virtualization and storage into integrated solution and connects to public cloud services. Nutanix, Inc. is based in San Jose, United States.

Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the web site when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 59.70% in the last month
  • Relative Strength Index 90.10%
  • Technical support level at 51.86
  • Recently traded at 54.66 with a 50 day moving average of 37.04
  • Fundamental factors:

  • Market Cap $8.51 billion
  • Revenue expected to grow 47.00% this year and another 15.00% next year
  • Earnings estimated to increase 55.70% this year and an additional 69.40% next year
  • Wall Street analysts issued 6 strong buy, 7 buy, 4 hold and 1 under perform recommendations on the stock
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