02/12/2015 – Rackspace Hosting

Issued: 02/12/2015

Rackspace Hosting, RAX:

1. During the week of January 26 (and the week of February 2) it was noted in our live meetings that a weekly close above $44.50 in Rackspace Hosting would indicate new long entry for a test/attempt at $50 (or higher). The week of January 26 closed at $44.96, indicating new long entry.

2. Rackspace Hosting has since advanced substantially and today (Thurs. Feb. 12) made a session high of $49.96, effectively completing the forecast $50.00 main upside target.

3. While higher prices remain likely including a test/attempt at $51.00, today’s $50.00 completion effectively completes the trade. Will message any further entry or indication in Rackspace Hosting.

David Williams

David Williams

Issued: 02/10/2015

Rackspace Hosting, RAX:

1. During the week of January 26 (and the week of February 2) it was noted in our live meetings that a weekly close above $44.50 in Rackspace Hosting would indicate new long entry for a test/attempt at $50 (or higher). The week of January 26 closed at $44.96, indicating new long entry.

2. Rackspace Hosting has since advanced substantially and today made a session high of $49.04. Traders long from either $44.96 (the week of January 26 close) or last week’s (week of February 2) $47.49 weekly close should exit partial positions at current prices (current price, $48.96.

3. Further long position exit should be taken at/near original the $50.00 upside target. Any remaining long position should be held for the possibility of higher prices to be messaged in a subsequent update.

4. A protective sell stop should be placed at $47.70. This stop will continue to be moved higher as the market continues to confirm.

David Williams