Rackspace Hosting is having one heck of a day. First, it confirms the massive inverse head and shoulders pattern and secondly it breaks cleanly above the 50-day moving average.
Rackspace Hosting (RAX) is having one heck of a day.
First, it confirms the massive inverse head and shoulders pattern and secondly it breaks cleanly above the 50-day moving average. Some very nice action there no doubt. No position for me as it falls outside my risk tolerance in terms of reward/risk. But still a phenomenal chart.
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