Tag RAX

Rackspace Inc (RAX) : Ascending Triangle, Trend intact

It seems like RAX is forming an ascending triangle on the chart. Yesterday’s market did not cause it to drop a lot. Most importantly, on the Ichimoku chart, the closing price did not cut the Tenkan sen (red line) which will suggest that the trend is intact.

Rackspace Hosting (RAX) : 52 Week Resistance

RAX has just came off from its 52 week resistance at around $23.00 From the chart we can see that the Tenkan sen and Kijun sen are both flattening; a possible pause in its momentum. Kumo provides support at around $21.00 At this moment, the uptrend is still intact as we do not have any [...]

Rackspace (RAX) : Names Fred Reichheld to Board of Directors

This should be a positive move. Hosting business is a very competitive industry. Loyalty (and hence customer service) will continue to be a very important part of the business.