This Bull Signal Has Never Failed Nutanix Stock

Shares of cloud computing firm Nutanix Inc (NASDAQ:NTNX) are rebounding this afternoon, last seen 3.8% higher at $63.44. The stock erased 4.2% last week and fell 1.9% during yesterday's trading, pulling away from its March 8 record high of $66.99. Today's pop looks like it could be the beginning of a longer-term surge higher, if history is any indicator.The recent pullback put NTNX within one standard deviation of its 50-day moving average, after a lengthy stretch trading north of this trendline. Over the l ...