Potential Buy Entry Alert NXT

Time Frame : Daily/Weekly

Sector : Software and Services/Technology

Key Stats : $2.16 Billion Market Cap, VWAP 6.316, ASX Ranking 151, 4 Week Av Turnover $13,036,710, Current Turnover (Intraday as at time of alert) $7,116,902.

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 – NEXTDC Limited

NXT still has some work to do but price is in a prime position for buyers to take notice. We see is in a range between 5.75 and 6.60 so will be watching for buying pressure to build and push price higher. Once a move higher kicks off its all about the higher low and entry setup.

Stock Code : NXT – NEXTDC Limited

Company Website : www.nextdc.com

Current Price : 6.37

Status : On watch for buy entry setup