Khan's Handelskontor - KW 39 - Swing Trade Idea 4 - $RXT5x 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
What traders are saying
Can Rackspace close the gap?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.
Long
RXT Swing PlayIf support holds, should retest previous highs- $25+. Would wait for test of bottom support line and 100 EMA before entry.
Long
Long
Long
Long
RXT - Long Term Buy and HoldI 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.
Long
Long
Long
Long