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Long

Raxspace Near Good Entry Point

BATS:RAX   RACKSPACE HOSTING INC
338 0 3
After heavy sell-off RAX stock price has been brought close to the trendline , which tends to be strong support. In addition lowering volumes of the red sessions promise to bring additional support for the beaten stock. As usually happens and the chart proves it most investors sell at the bottom. The highest volumes on the chart tend to premark the bottom. Considering mentioned above $48-50 area looks attractive entry point.

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