Trading Ichimoku » RAX

Rackspace Inc (RAX) : Ascending Triangle, Trend intact

iam802 — Fri, 22 Jan 2010 10:30:37 +0000

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

iam802 — Tue, 12 Jan 2010 08:08:34 +0000

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 indications of a bearish cross, Chikou Span or price going below the kumo.

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

iam802 — Fri, 23 Oct 2009 13:52:19 +0000

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.

Rackspace Hosting (RAX) : Bullish Ichimoku Cross

iam802 — Fri, 09 Oct 2009 16:16:22 +0000

RAX had a bullish cross from the Tenkan sen and Kijun sen back on Septebmer 18 and this is follow by a gap up yesterday breaking through its year high.