NEXTDC Limited (NXT.ASX)

16 April 2018

Technical Summary: The five year chart of NXT shows a stock that has been able to find its way to new highs in a general uptrend. There have been times of consolidation and pull back within this uptrend but for the most part it has remained intact. In the last year or so the uptrend has become a bit more consistent after breaking out of a base in October the stock rallied strongly before consolidating again. The consolidation did not last long however as the stock gapped strongly to the upside on an earnings annoucement. So far the stock has held the earnings gap well and this is a bullish sign. It may need some more time to consolidate but the signs at this stage are positive.

Nice performance from this data play

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