Rackspace Hosting (RAX) recently gapped up on a favorable earnings report but gave some back and actually broke gap support at 52.77 but seems to be holding the 10 day sma which is still a little higher than the bottom of the gap at 50.38. You can play this off the 10 day sma which is currently at 51.92 but if it breaks there watch that 50.38 level for a trade. Resistance will be 54.48 then 56.94.
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The Latest Trade Setup is just an example of what I post in the Stocks To Trade "Pulse" section in the members area.
Rackspace Hosting, Inc (RAX)
Created: February 22, 2012 - 4:29pm by Learnstocks
Rackspace Hosting (RAX)
48.63-2.08(-4.10%)
5/18/12 4:03PM EDT
- Range48.35 - 51.27
- Open50.63
- Vol3,673,890