[June 12, 2013] Rackspace Hosting Down 44.2% Since SmarTrend Downtrend Call (RAX) Tweet Jun 12, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Rackspace Hosting (NYSE:RAX) on February 13th, 2013 at $62.47. In approximately 4 months, Rackspace Hosting has returned 44.25% as of today's recent price of $34.83. Over the past year, Rackspace Hosting has traded in a range of $33.91 to $81.36 and is now at $34.83, 3% above that low. The 200-day and 50-day moving averages have moved 0.5% lower and 1.93% lower over the past week, respectively. Rackspace Hosting, Inc. delivers websites, web-based IT systems, and provides related services. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Rackspace Hosting. Log in and add Rackspace Hosting (RAX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend. 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 ]