Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher.

On Wednesday, Nutanix Inc (NTNX) stock saw a decline, ending the day at $66.7 which represents a decrease of $-5.65 or -7.81% from the prior close of $72.35. The stock opened at $73.96 and touched a low of $66.15 during the day, reaching a high of $74.1. The volume of shares traded was 7.58 million exceeding the average volume of 2.27 million.

In a report released today, George Wang CFA from Barclays maintained a Buy rating on Nutanix (NTNX – Research Report), with a price target of

Investors might want to bet on Nutanix (NTNX), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

On Friday, Nutanix Inc (NTNX) stock saw a decline, ending the day at $65.58 which represents a decrease of $-1.12 or -1.68% from the prior close of $66.7. The stock opened at $67 and touched a low of $65.21 during the day, reaching a high of $67.97. The volume of shares traded was 1.99 million falling short of the average volume of 2.36 million.