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Potential Buy Entry Alert to Watch NXT
Time Frame : Daily/Weekly
Sector : Software and Services/Technology
Key Stats : $2.32 Billion Market Cap, VWAP 6.758, ASX Ranking 153, 4 Week Av Turnover $8,473,402, Current Turnover (Intraday as at time of alert) $6,134,249.
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
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NXT – Nextdc Limited
NXT is putting in the longer term groundwork to start a new leg higher as buyers soak up recent selling pressure at 5.60 and then up at the 5.85 zone. We are now watching for a push up through 7.00 and then a higher low to build with the support of good volume as buyers step in and price confirms higher levels.
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Stock Code : NXT – Nextdc Limited
Company Website : www.nextdc.com
Current Price : 6.715
Status : On watch for potential higher low and push up through 7.25
