[May 21, 2013] SmarTrend Watching for Potential Rebound in Shares of Rackspace Hosting After 3.26% Loss Tweet May 21, 2013 (SmarTrend(R) News Watch via COMTEX) -- Rackspace Hosting (NYSE:RAX) traded in a range yesterday that spanned from a low of $37.81 to a high of $39.46. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $39.25 on volume of 3.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion. Rackspace Hosting share prices have moved between a 52-week high of $81.36 and the current low of $37.81 and are currently at $38.01 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.1% while the 200-day MA has remained constant. SmarTrend recommended that its subscribers protect gains by selling shares of Rackspace Hosting on February 13th, 2013 by issuing a Downtrend alert when the shares were trading at $62.47. Since that call, shares of Rackspace Hosting have fallen 37.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. 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 [ Back To TMCnet.com's Homepage ]