NTNX high teens on the horizon
Updated
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 side. I'd expect NTNX to trade at high teens in next few weeks if it continues to trend downwards.
More details here : blog.buysellshortcover.com/4-ideas-to-trade-on-the-short-side-for-next-week-03-06-2017/?src=tradingview
More details here : blog.buysellshortcover.com/4-ideas-to-trade-on-the-short-side-for-next-week-03-06-2017/?src=tradingview
Comment
Closed my short position at $19.50. Will probably go lower but taking profit.
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