Nutanix (NTNX) Just Flashed Golden Cross Signal: Do You Buy?

Technical Analysis - Nutanix (NTNX) has reached a significant support level and is considered a good pick for investors from a technical perspective [1] - NTNX recently broke through the 20-day moving average, indicating a short-term bullish trend [1] - The 20-day simple moving average is a popular tool among traders, smoothing out short-term price trends and providing more trend reversal signals than longer-term moving averages [1][2] Earnings Estimates - The bullish case for NTNX is strengthened by positive earnings estimate revisions, with no estimates decreasing in the past two months and two estimates increasing [3] - The consensus estimate for NTNX has also increased, suggesting potential for further gains [3] Performance Metrics - NTNX has rallied 12.5% over the past four weeks, indicating strong recent performance [4] - The company currently holds a Zacks Rank of 2 (Buy), suggesting it could be on the verge of another upward move [4]