Looking for RXT to hit the Upper Bollinger Band. Confirmation happened, can open trade. Stop Loss $10.65. Target Upper Bollinger Band (Currently $13.83) - Target will be dynamic. By the way - this is not investment advice...
Looks like this may have bottomed out at 13. MACD flipped to green, good volume, RSI showing oversold, almost 50% off 52 Week highs. I will take a swing here and scoop some cheap shares up.
5x Volume on last Friday than usual – Tutes wanted to pin this below $15 to win with their Puts Close to 100% inst. Owned Recent Cost efficent changes in cloud operations
RXT recently beat earnings but dropped over $2. With the RSI then dropping below 20, I am looking for it to bounce back and close the gap. The first PT is $15 with a full retracement PT of $17.5.
If support holds, should retest previous highs- $25+. Would wait for test of bottom support line and 100 EMA before entry.
Waiting for $RXT good entry price. Can't figure which is realistic...
Cloud Service. Get in at $19.75. Stop loss at $18.75. 1st TP at around $22.
I am buying Rackspace during dips and holding. My theory is they will get bought out by a large cloud provider such as Amazon or Microsoft at some point. Earnings per share of $.21 not bad for just going public.
Possible bounce play. Strong support level
Ready to break out to form a shark pattern. Target $22