[May 23, 2013] Watch for Equinix to Potentially Rebound After Falling 1.33% Yesterday Tweet May 23, 2013 (SmarTrend(R) News Watch via COMTEX) -- Equinix (NASDAQ:EQIX) traded in a range yesterday that spanned from a low of $213.00 to a high of $218.31. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $217.36 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion. Over the past year, Equinix has traded in a range of $113.53 to $231.56 and is now at $215.31, 90% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant. SmarTrend recommended that subscribers consider buying shares of Equinix on December 7th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $187.73. Since that recommendation, shares of Equinix have risen 16.2%. 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 [ Back To TMCnet.com's Homepage ]