On Thursday, Nutanix Cl A received an upgrade to its Relative Strength (RS) Rating, from 78 to 81.
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This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves.
Nutanix Cl A is trying to complete a flat base with an 83.36 buy point. See if it can break out in volume at least 40% above average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 22% to 75%. Revenue rose from 16% to 22%. Look for the next report on or around Aug. 27.
Nutanix Cl A earns the No. 18 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, A10 Networks and Cloudflare are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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