$EQIX Has formed into a bullish pennant in the last week after a strong post-earnings run up. Price has also broke out of a long term bull flag that began after November 2017 peak.
Expecting this to break higher in the near term...monitoring for a move above $430 on decent volume.
Medium term target - $460 by mid-April
Long term target - $495+ by 4th of...
Positive daily momentum will provide minor wave up ≈10% before probably bouncing off supply line. Initial PT 390. This pullback will provide opportunity to buy cheaper shares of company w/ high growth rate. It's like the Amazon of cloud connectivity. (its PE is insanse just like amazon's too due to growth potential.)
About the company
Equinix, Inc. (Equinix) operates as a real estate investment trust. The Company connects various companies directly to their customers and partners inside interconnected data centers. It operates through three segments: Americas, EMEA and Asia-Pacific. Its platform Equinix, combines a global footprint of International Business Exchange (IBX) data...