Uptrend Call Working As Equinix Stock Rises 13.7% (EQIX)
SmarTrend identified an Uptrend for Equinix (NASDAQ:EQIX) on December 7th, 2012 at $187.73. In approximately 4 weeks, Equinix has returned 13.71% as of today's recent price of $213.46.
In the past 52 weeks, shares of Equinix have traded between a low of $80.85 and a high of $215.55 and are now at $213.46, which is 164% above that low price. The 200-day and 50-day moving averages have moved 0.57% higher and 0.51% higher over the past week, respectively.
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.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Equinix shares.
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