ATMcharts

Interesting pattern in RAX

BATS:RAX   RACKSPACE HOSTING INC
267 1 0
If you still like RAX long take a look. The price waves in the last 2 quarters have been very similar. If the similarities continue, you can expect a shake out before continuing higher. The main concern is the pre-earnings bounce was weaker and, as of now, leading to a strong gap down.
have an updated and view on RAX here http://stks.co/bKla ..today's action is much more bearish than this chart had anticipated - the updated chart is currently the 2nd on the charts tab.
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