TMCNet:  Watch for Rackspace Hosting to Potentially Rebound After Falling 1.72% Yesterday

[November 09, 2012]

Watch for Rackspace Hosting to Potentially Rebound After Falling 1.72% Yesterday

Nov 09, 2012 (SmarTrend(R) News Watch via COMTEX) -- Rackspace Hosting (NYSE:RAX) traded in a range yesterday that spanned from a low of $58.56 to a high of $61.17. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $60.95 on volume of 2.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.


SmarTrend is tracking the current trend status for Rackspace Hosting and will alert subscribers who have RAX in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Rackspace Hosting share prices have been bracketed by a low of $39.04 and a high of $69.81 and are now at $60.48, 55% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.9%.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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