The Ichimoku Cloud has turned green so this should provide good support below. Even though there are many that are skeptical about Rackspace and with their recent news, I do believe these guys understand the cloud hosting space the best, having been in it one of the longest.
Price action-wise, I believe more or less it will stay around current levels until earnings, unless there is some big news again about buyouts/going private etc. It may even fall a little but I have high expectations for the upcoming earnings as OpenStack & managed cloud services continue to be their biggest attraction for consumers.
Follow me on StockTwits:
stocktwits.com/SHIGGA
Price action-wise, I believe more or less it will stay around current levels until earnings, unless there is some big news again about buyouts/going private etc. It may even fall a little but I have high expectations for the upcoming earnings as OpenStack & managed cloud services continue to be their biggest attraction for consumers.
Follow me on StockTwits:
stocktwits.com/SHIGGA
