Trading Idea - #CyxteraMy trading idea on Cyxtera Technologies - Buy/Long
Target: 15.00 USD (+23%)
Stop: 10.51 USD
Cyxtera Technologies runs about 60 data centers around the world and provides services to more than 2,300 companies.
Approximately 90% of the company's shares are held by institutional investors. Institutional investors have continued to show interest in the company over the past 3 months. Further purchases have been made.
The profitable company has basically only one disadvantage. The buildings in which the data centers are located are mostly only rented. In some cases, rent extensions are pending with an uncertain ending.
My buy decision is based on chart technical analysis, where we are in an upward channel. The long-lasting support diagonal is currently being tested once again. An ideal entry from my point of view.
