|
After Yesterday's Rally of 12.65% Shares Could Potentially Pullback
Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) --
Rackspace Hosting (NYSE:RAX) traded in a range yesterday that spanned from a low of $52.77 to a high of $56.94. Yesterday, the shares gained 12.7%, which took the trading range above the 3-day high of $50.38 on volume of 10.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Rackspace Hosting share prices have moved between a 52-week high of $56.94 and a 52-week low of $30.34 and are now trading 83% above that low price at $55.46 per share. The 200-day and 50-day moving averages have moved 0.14% higher and 0.94% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Rackspace Hosting on October 12th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.34. Since that recommendation, shares of Rackspace Hosting have risen 31.9%. We continue to monitor RAX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup
[ Back To TMCnet.com's Homepage ]
|
TMCnet LOGIN
Webinars
