Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher.

In a report released today, George Wang CFA from Barclays maintained a Buy rating on Nutanix (NTNX – Research Report), with a price target of

On Friday, Nutanix Inc (NTNX) stock saw a decline, ending the day at $65.58 which represents a decrease of $-1.12 or -1.68% from the prior close of $66.7. The stock opened at $67 and touched a low of $65.21 during the day, reaching a high of $67.97. The volume of shares traded was 1.99 million falling short of the average volume of 2.36 million.

Investors might want to bet on Nutanix (NTNX), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.