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Sellers Distribute Shares of Rackspace Hosting, Down 1% (RAX)Aug 17, 2011 (SmarTrend(R) Market Surveillance via COMTEX) -- Rackspace Hosting (NYSE:RAX) is one of today's notable stocks in decline, down 1% to $35.71. The S&P is currently trading 0.7% higher to 1,201 and the Dow Jones Industrial Average is trading 0.5% higher to 11,466. Rackspace Hosting is in SmarTrend's Internet Software & Services industry and this industry is currently in a Downtrend according to our research. We are monitoring many other stocks on the move within this industry. In the last five trading sessions, the 50-day MA has fallen 0.89% while the 200-day MA has risen 0.49%. In the past 52 weeks, shares of Rackspace Hosting have traded between a low of $18.18 and a high of $46.49 and are now at $35.71, which is 96% above that low price. SmarTrend currently has shares of Rackspace Hosting in an Downtrend and issued the Downtrend alert on July 29, 2011 at $40.01. The stock has fallen 9.8% since the Downtrend alert was issued. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |