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Equinix Inc Falls 1.86% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Equinix Inc (NASDAQ:EQIX) traded in a range yesterday that spanned from a low of $456.20 to a high of $465.49. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $463.43 on volume of 306,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Equinix Inc share prices have moved between a 52-week high of $470.44 and a 52-week low of $314.55 and are now trading 46% above that low price at $458.92 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 Inc on July 14th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $440.07. Since that recommendation, shares of Equinix Inc have risen 5.9%. We continue to monitor EQIX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders equinix inc

Ticker(s): EQIX