Uptrend Call Working As Rackspace Hosting Stock Rises 13.1% (RAX)
SmarTrend identified an Uptrend for Rackspace Hosting (NYSE:RAX) on November 28th, 2012 at $67.03. In approximately 1 month, Rackspace Hosting has returned 13.05% as of today's recent price of $75.78.
Over the past year, Rackspace Hosting has traded in a range of $40.57 to $77.13 and is now at $75.53, 86% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.5%.
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