Currently trading at a 4 months low, Nautanix issued a weak Q3 guidance prompting the stock trade in an all time low territory. Fundamentals aside, trading over 10 times more than average volume
on Friday and short float at 31%, I'd expect some sort of bounce early next week and would look for an entry around $24 or $25 if it can get up there to play on the short side. I'd expect NTNX
to trade at high teens in next few weeks if it continues to trend downwards.
More details here : http://blog.buysellshortcover.com/4-ideas-to-trade-on-the-short-side-for-next-week-03-06-2017/?src=tradingview