• Return to Headlines

Shares of Equinix Has Risen Above Previous 52-Week High

By David Diaz

Equinix (NASDAQ:EQIX) traded today at a new 52-week high of $378.31. So far today approximately 153,000 shares have been exchanged, as compared to an average 30-day volume of 534,000 shares.

Equinix, Inc. provides core Internet exchange services to networks, Internet infrastructure companies, enterprises, and content providers. The Company operates Internet Business Exchange centers in several countries, where customers can interconnect with the providers that serve Internet networks and users for their peering, transit, and traffic exchange requirements.

Based on a current price of $375.75, Equinix is currently 13.8% above its average consensus analyst price target of $324.08. The stock should discover initial support at its 50-day moving average (MA) of $320.36 and subsequent support at its 200-day MA of $296.64.

Equinix share prices have moved between a 52-week high of $378.31 and a 52-week low of $225.02 and are now trading 67% above that low price at $375.75 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Equinix on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $301.50. Since that recommendation, shares of Equinix have risen 25.2%. We continue to monitor EQIX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows equinix

Ticker(s): EQIX