Q2 STOCKS TO BUY

NTNX Nears Pre-Pandemic Levels After Upgrade

Nutanix stock is on track for its fifth-straight gain

Deputy Editor
Dec 14, 2020 at 10:51 AM
facebook X logo linkedin


The shares of Nutanix Inc (NASDAQ:NTNX) are up 2.1% at $31.77 at last check, after Oppenheimer upgraded the stock to "outperform" from "perform." The firm noted that though the various business model and architecture transitions have created confusion for investors as well as difficulties for the company, its final transformation will bring "greater accountability and consistency." The analyst added that the new CEO, Rajiv Ramaswami, will likely create positive upcoming change as well. 

NTNX has been rising on the charts since early October, with support from the 20-day moving average. Now on track for its fifth-straight session of gains, the equity today surpassed its year-to-date breakeven point and is currently a chip shot from pre-pandemic levels above the $34 mark. 

Meanwhile, the options pits have been overwhelmingly bullish during the past two weeks. NTNX's 10-day call/put volume ratio of 25.37 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) stands higher than all other readings from the past year. This shows that during this time period, calls have been picked up at their fastest pace in 12 months.

That said, speculating on Nutanix stock's next move with options could be a prudent play. The stock's Schaeffer's Volatility Index (SVI) of 52% stands higher than just 10% of all other readings in its annual range, implying that options players are pricing in relatively low volatility expectations at the moment. 

 

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter