breakoutstock
Long

$RAX looks good here

NYSE:RAX   RACKSPACE HOSTING INC
17 0 1
A leading provider of hosting and cloud services, which should benefit from the continued move toward saving data in “clouds,” especially as more and more devices become connected and collect data. Technically, it actually looks to be at
a pretty attractive buy point right now, having pulled back after hitting the 40-week (200-day) moving average. The dip has dropped it to around $22, where a couple of different support lines currently sit. If it’s able to break above that 40-week average, resistance around $32 could be next in its sights.
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