The purpose of the Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action of the action of indicators to arrive at systematic trading decision.
Calculation: Bollinger Bands:
1) Middle Band = 20-day simple moving average (SMA);
2) Upper Band = 20-day SMA + (20-day standard deviation of price x 2);
3) Lower Band = 20-day SMA - (20-day standard deviation of price x 2);
PROFILE: Nextdc (NXT.AX)
Stock Exchange: ASX
Ticker Codes: | NXT.AX | ASX:NXT |
NEXTDC Limited provides data center outsourcing solutions, connectivity services, and infrastructure management software in Australia. It offers on-demand services to support outsourced data center infrastructure and cloud connectivity for enterprises; data center professional services for the project life cycle, including technical advisory, migration planning, project management, deliveries, building, and operational infrastructure support; and onsite technical assistance services. The company's data centers provide NEXTDC rack packages, a private suite and custom options for individual or multiple racks; and AXONVX, a virtual connectivity platform designed to deliver connectivity-as-a-service. In addition, it offers security systems and protocols, such as multi-layered access systems with biometric fingerprint technology and ID access cards with photo and biometric template technology; cross connect services; and ONEDC, a cloud based data center infrastructure management-as-a-service that delivers real-time data center intelligence to its customers to manage their data center assets. NEXTDC Limited was founded in 2010 and is headquartered in Brisbane, Australia.
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