In the most recent trading session, Nutanix (NTNX) closed at $49.35, indicating a +0.88% shift from the previous trading day.
Nutanix (NTNX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Nutanix (NTNX) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.