Twilio Inc (NASDAQ:TWLO) saw an upgrade a week ago and has turned off 52 week lows, heading sharply higher. It just broke the technical resistance level of $30 and will likely head to $40 and above. Nutanix Inc (NASDAQ:NTNX) is in the same sector and still at its 52 week lows. This is the play that smart investors are accumulating. The sector is way oversold with...
Nutanix Volume Spike for two days, watch if support 18 can hold, it has down -50% since IPO.
Currently trading at a 4 months low, Nautanix issued a weak Q3 guidance prompting the stock trade in an all time low territory. Fundamentals aside, trading over 10 times more than average volume on Friday and short float at 31%, I'd expect some sort of bounce early next week and would look for an entry around $24 or $25 if it can get up there to play on the short...
above 60% of the float is sold short. As soon as it's on the go, it may start to rip. would rather buy lower
2 ways. Long if squeeze the 30th level, short if pulls back
This 30-30.50 area have proven troublesome for this IPO. We are putting in higher lows. Could be shaping up as a decent bottoming pattern
1. Long with the market. 2. 25 october - end of the quiet IPO 0.23% period. 3. 61.8 fibo growth.
a good start is having this new IPO, going up from as low as 26 to a high of 46. could be ready for the next move though a pullback in a weak market seems likely