Nutanix stock saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 72 to 81.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
Decades of market research reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
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Is Nutanix Stock A Buy?
Nutanix stock is working on a cup with handle with a 64.25 buy point. See if it can clear the breakout price in volume at least 40% above average.
The Calif.-based computer software company posted 13% earnings growth in the latest quarterly report. Revenue rose 11%.
Nutanix stock holds the No. 49 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Smartsheet and Manhattan Associates are among the top 5 highly rated stocks within the group.
