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Bullish Moving Average Cross by Rackspace Hosting (RAX)

By Amy Schwartz

Rackspace Hosting (NYSE:RAX) crossed over its 10-day moving average of $22.87 on a volume of 162K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Rackspace Hosting have traded between a low of $15.05 and a high of $54.57 and are now at $22.98, which is 53% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 1.1%.

SmarTrend is monitoring the recent change of momentum in Rackspace Hosting. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Rackspace Hosting in search of a potential trend change.

Keywords: moving crosses Rackspace Hosting

Ticker(s): RAX