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After Yesterday's Decline of 1.47%, Equinix Inc Offers Investors Better Value

By Nick Russo

Equinix Inc (NASDAQ:EQIX) traded in a range yesterday that spanned from a low of $401.18 to a high of $410.63. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $410.00 on volume of 253,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Equinix Inc on September 26th, 2018 by issuing a Downtrend alert when the shares were trading at $425.37. Since that call, shares of Equinix Inc have fallen 3.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Equinix Inc has traded in a range of $314.55 to $495.35 and is now at $402.99, 28% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

Keywords: rebounders equinix inc

Ticker(s): EQIX