TMCnet News
Downgrade Alert for Equinix (EQIX)Aug 23, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Equinix (NASDAQ:EQIX) was downgraded from Overweight to Equal Weight at Stephens today. The stock closed yesterday at $192.69 on volume of 1.0 million shares, above average daily volume of 864,000. Equinix has overhead space with shares priced $192.69, or 0.8% below the average consensus analyst price target of $194.32. The stock should find initial support at its 50-day moving average (MA) of $174.93 and further support at its 200-day MA of $142.57. Equinix, Inc. provides core Internet exchange services to networks, Internet infrastructure companies, enterprises, and content providers. The Company operates Internet Business Exchange centers in several countries, where customers can interconnect with the providers that serve Internet networks and users for their peering, transit, and traffic exchange requirements. In the past 52 weeks, Equinix share prices have been bracketed by a low of $80.85 and a high of $194.48 and closed yesterday at $192.69, 138% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 1.0%. SmarTrend recommended that subscribers consider buying shares of Equinix on April 26th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $166.73. Since that recommendation, shares of Equinix have risen 15.6%. We continue to monitor EQIX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. 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 |