2waytrading

Earning is Coming! WIll it help Break-out Upside above 40?

NYSE:RAX   RACKSPACE HOSTING INC
58 0 0
Since its peak 54.20 Sept-last year, the price had hard time to break out upside from what seems overhead resistance $40. Unbreakable! Now, there is a good chance that may happen tomorrow after market close or the stock will head back to May low this year which will be a brutal pressure if that is what will happen if they miss both top and bottom or guide lower. Good to wait and stand the side-line till earning is out tomorrow after market close and ride the bud either South or North which way it goes. If you need a real time alerts try us http://www.2waytrading.com
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