RackSpace Hosting STRONG BUY TAKEOVER 2016 - LIVE STOCK FORECAST vimeo.com Invest in RackSpace Hosting with the best trader in the world - FREE LIVE FORECASTS vimeo.com
With broad market volatility ebbing, the place to sell premium is with earnings plays for now. Next week, look to put on options plays shortly before the earnings announcement to capitalize on post-announcement volatility contraction. This little fellahs currently look best for plays: LC: 5/9 (Monday) after market close. Due to the price of the underlying,...
I am only bearish on RAX because of the bullish gaps (that are getting filled). I was very bullish on those and I feel people are/will be trapped if RAX moves lower.
RAX setting up with a nice post-earnings 3Q breakaway. If we gap above the 100SMA, I'm bullish for a ride up off the breakaway from the double-bottom. A gap up to the 29.50, makes me bullish neutral to watch resistance at the 100.
Needs to trigger in 15 mins or so - otherwise, I'll likely be updating it
Breakout of $38.54, will call for upside to $40ish
There are many reasons why the upcoming earnings would be a beat, and why Rackspace is due for a rally - if you are interested just ask :) The upside is 33% according to top performing analyst consensus. www.tipranks.com
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...