Is Major Move Coming For Nutanix, Inc. (NTNX) After This Bullish Double Top Pattern?

April 25, 2018 - By Henry Gaston

The chart of Nutanix, Inc. (NTNX) shows a double top with $54.07 target or 6.00 % above today’s $51.01 share price. The 8 months chart pattern indicates low risk for the $8.38B company. It was reported on Apr, 25 by Finviz.com. If the $54.07 price target is reached, the company will be worth $502.86 million more. Double tops are rare but powerful chart patterns.

The stock decreased 2.86% or $1.5 during the last trading session, reaching $51.01. About 1.88M shares traded. Nutanix, Inc. (NASDAQ:NTNX) has risen 139.43% since April 25, 2017 and is uptrending. It has outperformed by 127.88% the S&P500.

Analysts await Nutanix, Inc. (NASDAQ:NTNX) to report earnings on May, 24. They expect $-0.44 EPS, up 42.86 % or $0.33 from last year’s $-0.77 per share. After $-0.40 actual EPS reported by Nutanix, Inc. for the previous quarter, Wall Street now forecasts 10.00 % negative EPS growth.

Nutanix, Inc. (NASDAQ:NTNX) Ratings Chart

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