LegacyVA

Bearish Bat Pattern

LegacyVA Updated   
NASDAQ:EQIX   Equinix, Inc.
About the company
Equinix, Inc. (Equinix) operates as a real estate investment trust. The Company connects various companies directly to their customers and partners inside interconnected data centers. It operates through three segments: Americas, EMEA and Asia-Pacific. Its platform Equinix, combines a global footprint of International Business Exchange (IBX) data centers, a range of interconnection solutions, ecosystems and support. Its customers include carriers, mobile and other bandwidth providers, cloud and information technology (IT) services providers, content providers and enterprises. It provides each customer access to a choice of business partners and solutions based on their colocation, interconnection and managed IT service needs. Its colocation offerings include operations space, storage space, cabinets and power for customers' colocation needs inside Equinix's IBX data centers. Its interconnection offerings include Equinix Cloud Exchange, Equinix Performance Hub and Equinix Data Hub.

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Comment:
The Dow Jones Industrial Average breached the 23,000-mark for the first time on Tuesday, driven by strong earnings from UnitedHealth and Johnson & Johnson, but the S&P 500 was flat.

The blue-chip index has surpassed four similar 1,000-point milestones this year, indicating investor faith in the bull-run despite lofty stock valuations.

But the Dow was unable to hold the level and has been trading below 23,000 for much of the afternoon.
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