On Thursday, Nutanix Cl A cleared an important performance benchmark, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an improvement to 84, an increase from 71 the day before.
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This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 in the early stages of their moves.
Nutanix Cl A is building a consolidation with a 79.99 entry. See if the stock can clear the breakout price in heavy trading.
The company reported 22% earnings growth in its most recent report. Revenue increased 16%.
The company earns the No. 23 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Shopify and Paycom Software 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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