Issued: 10/31/2014
Rackspace hosting, RAX:
1. Today’s (Fri., Oct. 31) Rackspace session completed our Wed. Oct. 22 forecast for long entry at $36.20 and advance to at/near $38.45 (today’s session high, $38.50).
2. Any remaining long position Rackspace hosting should be held for the possibility of higher prices to be messaged in a subsequent update.
3. Our protective sell stop has been raised to $37.45. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 10/22/2014
Rackspace Hosting, RAX:
1. Rackspace is now in a stronger position which indicates the likelihood of higher prices, including a test/attempt at $38.45 into next week (week of Oct. 27 +1 week).
2. Therefore, Rackspace is now a ‘Buy’ at current prices (current price, $36.20).
3. Initial long position exit should be taken at/near $37.30, with further exit at/near $38.45 noted earlier. Any remaining 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 $34.25. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 10/28/2014
Rackspace Hosting, RAX:
1. Our previous (Wed., Oct. 22) report indicated Rackspace as a ‘Buy’ at $36.20.
2. Today’s (Tues., Oct. 28) session completed the $37.30 initial profit target noted in the report (today’s session high, $37.51). The next important upside target is at/near $38.45, also noted in the previous report.
3. Our protective sell stop has been raised to $35.95. This stop will continue to be moved higher as the market continues to confirm.
David Williams
Issued: 11/03/2014
Rackspace Hosting, RAX:
1. Our protective sell stop in Rackspace hosting has been raised to $37.70. This is for any final remaining long positions based upon our recent $38.45 profit target. This stop will continue to be moved higher as the market continues to confirm.
David Williams