franciskim
Long

Rackspace finding support below

NYSE:RAX   RACKSPACE HOSTING INC
35 0 0
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.

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Francis Kim Digital Development: https://franciskim.co | Mobile, Desktop & Web App Development | eCommerce Development (Magento, Shopify, WooCommerce)
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