Nutanix Cl A saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 64 to 74.
This proprietary rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating of over 80 as they begin their biggest runs. See if Nutanix Cl A can continue to rebound and clear that threshold.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a chart pattern and break out.
The company showed 22% earnings growth last quarter. Revenue rose 16%.
The company earns the No. 31 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Paycom Software and Paylocity Holding 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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