Issued: 11/25/2014
Rackspace hosting Inc., RAE:
1. Our protective sell stop has been raised to $44.00 in rack space. This stop will continue to be moved higher as the market continues to confirm.
David Williams
Issued: 12/05/2014
Rackspace hosting, RAX:
1. Our protective sell stop has been raised to $45.50 in Rackspace Hosting. Will update.
David Williams
Issued: 12/15/2014
Rackspace hosting, RAX:
1. Our original Nov. 11, and Nov. 18 forecast/buy signal for Rackspace Hosting included an advance from the then current price of $42.00 up to $45.00, then a possible later test/attempt at $51.00.
2. Subsequently, Rackspace advanced to just under $48.00, which prompted earlier noted profit-taking at various levels.
3. On Fri., Dec. 12 Rackspace declined and triggered our recently adjusted $45.50 protective sell stop, resulting in a successful trade. Will message any further entry or indication in Rackspace hosting.
Issued: 11/20/2014
Rackspace hosting:
1. Our previous (Tues., Nov. 18) report on Rackspace indicated that the then current pullback to $42.30 would advance and test $44.00 (or higher) into later this week (Thurs., Nov. 20).
2. Today, (Thurs., Nov. 20) Rackspace advanced and completed the $44.00 upside target (session high, $44.90).
3. Our protective sell stop has been raised to $43.50. This stop will continue to be moved higher as the market continues to confirm.
David Williams
Issued: 11/18/2014
Rackspace hosting, RAX:
1. Rackspace hosting recently broke out on the upside above $40.50 which prompted our indication for a test/attempt at $45.00, then a possible continuation move to at/near $51.00
2. Subsequently, Rackspace made a recent swing high at $44.05. It is assumed that those who took advantage of the breakout have taken partial long position exits.
3. Although not an outright forecast, rack space will likely retest the $44.00 (or higher) later this week after the current pullback subsides.
4. A protective sell stop should be placed at $40.90. This stop will quickly be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 11/24/2014
Rackspace posting, RAX:
1. Our original Nov. 11, and Nov. 18 forecast/buy signal for Rackspace included an advance from the then current price of $42.00 up to $45.00, then a possible later test/attempt at $51.00.
2. Since then, Rackspace advanced to $44.05 on Nov. 14, and after pulling back into Nov. 18 was forecast to again test the $44.00 level into Thurs. Nov. 20. On Thurs., Nov. 20 Rackspace completed the $44.00 retest as expected.
3. On Fri., Nov. 21 rack space completed the original $45.00 upside target, making a session high of $46.35. Higher prices remain possible, including a test/attempt at $51.00 also noted in the original update.
4. Our protective sell stop remains at $43.50. Will update as the market continues to confirm.
David Williams
Issued: 12/04/2014
Rackspace hosting, RAX:
1. Our protective sell stop has been raised to $44.50 in Rackspace. this stop will continue to be moved higher as the market continues to confirm.
David Williams