You are being directed to ZacksTrade, a division of Zacks & Company and licensed broker-dealer. ZacksTrade and Zacks.com are separate but affiliated companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.

If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.

OK Cancel

Recent Quotes

No Recent Quote currently available

My Portfolio

My Portfolio Tracker

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today.

Zacks #1 Stocks on the Move 04/23/2014

Company Name Symbol %Change
LAKE SHORE G LSG
6.05%
BON TON STOR BONT
5.28%
ANGLOGOLD AS AU
3.53%
GOLD FIELDS GFI
3.27%
KRATON PERFO KRA
3.25%
Rackspace Hosting's Shares Changing Hands at Higher Prices on 1.2x Above-Average Volume (RAX)

Print Share

Dec 12, 2013 (Unusual volume via COMTEX) -- Rackspace Hosting's stock is up 6.2% to $35.73 on heavy trading volume. About 4.3 million shares have been traded today, as compared to the 30-day average volume of 3.5 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

Rackspace Hosting, Inc. delivers websites, web-based IT systems, and provides related services.

In the past 52 weeks, Rackspace Hosting share prices have been bracketed by a low of $32.62 and a high of $81.36 and are now at $35.73, 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.6% while the 200-day MA has slid 0.7%.

There is potential upside of 37.6% for shares of Rackspace Hosting based on a current price of $35.73 and an average consensus analyst price target of $49.15. The stock should run into initial resistance at its 50-day moving average (MA) of $44.96 and subsequent resistance at its 200-day MA of $45.33.

---------------------------------------------------------------------------------------------

Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit http://www.fnno.com today.

Copyright, Comtex News Network, Inc. 2013

Free Stock Analysis From Zacks

Includes Zacks Long-Term Recommendation and Target Price

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.