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Shares of Rackspace Hosting Down on Above Average Volume, Moving Against Trend (RAX)
[February 13, 2013]

Shares of Rackspace Hosting Down on Above Average Volume, Moving Against Trend (RAX)

Feb 13, 2013 (SmarTrend(R) News Watch via COMTEX) -- Rackspace Hosting's stock is down 16.8% to $62.40 on heavy trading volume. Approximately 6.6 million shares have changed hands today vs. average 30-day volume of 1.1 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Rackspace Hosting on November 28th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.03. Since that recommendation, shares of Rackspace Hosting have risen 11.9%. We continue to monitor RAX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Rackspace Hosting has traded in a range of $40.57 to $81.36 and is now at $62.85, 55% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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