$NTNX with a bullish outlook following its earning release The PEAD projected a bullish outlook for $NTNX after a positive over reaction following its earning release placing the stock in Drift B
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0K9O trade ideas
NUTANIX Publication DailyHey my friends, NUTANIX is in a bullish movement with low executed buy volume and aborted buyer's attempt. On the TIMEFRAME M1 we see an attempt of repressed buyers and it is heading towards its last precedent lower to return to its rise. Great possibility of making up for the losses of the pre-session to arrive on the next high (See TIMEFRAME H4). And if the buyers are still in the swing of going to the top, which follows to fill the downside break gap.
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NTNX, Broadening Wedge Ascending (bullish pattern)I found this pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 78%
TARGET (EXIT) PRICE = 25.29 USD
BREAKOUT (ENTRY) PRICE = 23.33 USD
DISTANCE TO TARGET PRICE = 3.37%
EMERGED ON = Oct 09, closing price
CONFIRMED ON = Oct 12, closing price
WITH CONFIDENCE LEVEL = 71%
Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the upward breakout price/entry point. To identify an exit, compute the target price for this formation by adding the height of the pattern to the upward breakout level. Pattern height is the difference between the breakout price (the highest high within the pattern) and the highest low.
To limit potential loss when the price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
The Broadening Wedge Ascending pattern forms when the price of a security progressively makes higher highs (1, 3) and higher lows (2, 4), following two widening trend lines. This pattern may form when large investors spread their buying over a period of time.
The theory goes that after initial buying occurs, other market participants react to the rising price and jump on the bandwagon to participate. Then value investors begin to sell, believing the price has risen too much, which spurs the original large investor to resume buying again. Once these activities stop, the price may break out in either direction.
Fourth Quarter and Fiscal 2020 Financial Results1. Nutanix Reports Fourth Quarter and Fiscal 2020 Financial Results
Ending our fiscal 2020 on a high note with 39% YoY subscription billings growth, 59% YoY subscription revenue growth and 29% YoY run-rate ACV growth. Forging new paths in creating the next HCI: hybrid cloud infrastructure!
2. Nutanix Announces $750 Million Investment From Bain Capital Private Equity to Support Growth Initiatives.
$750 million in Convertible Senior Notes, Bain Capital Private Equity has deep technology investing experience and a strong track record of helping companies scale
The Notes will have an initial conversion price of $27.75 per share of the Company’s Class A Common Stock, subject to customary anti-dilution and other adjustments.
The Notes will mature on September 15, 2026, unless earlier repurchased, redeemed or converted.
Nutanix’s Board has authorized the repurchase of up to $125 million of its Class A common shares that are intended to offset the dilutive effect of any shares the Company may issue to settle the potential conversion of the Notes.
3. Nutanix Announces CEO Succession Plan
Dheeraj Pandey, Co-Founder and CEO, to Retire from Management Team After New CEO Appointed
Pandey Grew Company from Founding to $1.6B in Annual Billings in 10+ Years
www.nutanix.com
$NTNX Nutanix Grabs $750mil Investment.
Huge move after-hours for NTNX with news of a $750m investments by BAIN Capital.
Potential Entry levels | Resistances.
$25.20 the 200 Moving Average
$26.35 Major post earnings gap from Feb 2020.
BullFlag breakout well underway pre market.
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$NTNX Gap fill Trade Possible gap fill trade opportunity as earnings approach.
Gap open $26.35 with gap close @$32.
Nutanix, Inc. engages in the provision of enterprise virtualization and storage solutions. It specializes in cloud operating system that converges traditional silos of server, virtualization, storage, and networking into one integrated solution and unifies private and public cloud into a single software fabric. Its products are offered through the Acropolis and Prism brands. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.