Next DC Limited – NXT – BUY Demand Exceeding Expectations

13 July 2020


Technical Summary: The 5 year chart of NXT has been reasonably volatile but has in general had an upward bias. The stock emerged in 2016 from a solid base and ran up from around $2.40 per share to $4.40 in short order. The stock then pulled back before finding a bottom at around $2.80 per share at the start of this year. Since this time the stock has rallied and found an all time high at $4.81. The stock currently trades just below its all time highs at $4.60. The chart currently looks constructive as volume and volatility contracts. This suggests that sellers (those getting out at close to all time highs) are leaving the market. We would like to see the stock burst through $4.70 per share on high volume. This would be an obvious technical buying opportunity for both investors and traders alike. We would also like to see them do some work on their logo 🙂

NXT stock is in a strong uptrend and has recently jumped to its all-time high point at $11.10. Stock Research recommended NXT to its clients in August 2016 at $4.43 since than stock value has grown by 150%.

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