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Rackspace Hosting Has Returned 34.0% Since SmarTrend Recommendation (RAX)

By Amy Schwartz

SmarTrend identified an Uptrend for Rackspace Hosting (NYSE:RAX) on July 20th, 2016 at $23.88. In approximately 11 months, Rackspace Hosting has returned 33.96% as of today's recent price of $31.99.

Rackspace Hosting share prices have moved between a 52-week high of $54.57 and a 52-week low of $15.05 and are now trading 113% above that low price at $31.99 per share. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 1.0%.

Rackspace Hosting, Inc. delivers websites, web-based IT systems, and provides related services.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Rackspace Hosting shares.

Log in and add Rackspace Hosting (RAX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights Rackspace Hosting

Ticker(s): RAX