January 14, 2019
Time Frame : Daily/Weekly
Sector : Software and Services/Technology
Key Stats : $2.18 Billion Market Cap, VWAP 6.493, ASX Ranking 152, 4 Week Av Turnover $7,145,432, Current Turnover (Intraday as at time of alert) $3,094,052.
Company Overview : NEXTDC Limited (NXT) is involved in the development and operation of independent data centres in Australia. They focus on providing scalable, on- demand services to support outsourced data centre infrastructure and cloud connectivity for enterprises of all sizes.
Broker Consensus : BUY
NXT is putting in an effort to push higher out of the current contraction in price. We are now interested in the weekly chart as it is in a prime position to build a higher low for new leg higher. Watching the daily chart for the price action to build.
Stock Code : NXT – Nextdc Limited
Company Website : www.nextdc.com
Current Price : 6.51
Status : On watch for potential higher low and buy opportunity
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