InTheMoneyStock...'s  Instablog
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
My blog:
Pro Traders Rant and Rave Blog
  • Cloud Stocks Skyrocket 0 comments
    Sep 7, 2011 3:40 PM | about stocks: RAX, CTXS, FFIV, CRN
    The afternoon, the major stock indexes are soaring higher. Technology stocks are leading the rally higher with the NASDAQ Composite trading up by nearly 3.00 percent on the session. When the tech stocks rally we must always look at the important cloud computing stocks to be market movers.

    Rackspace Hosting Inc.(NYSE:RAX) is a leading hosting and cloud computing company. This stock has been beaten down since early July 2011 when the stock traded as high as $46.00 a share. Recently, the stock has been able to form a series of higher lows on the daily chart. The stock will still have daily chart resistance around the $38.00 level. The next major daily chart resistance level will be around the $40.25 area. Short term day traders can watch for intra-day resistance around the $36.25 and $36.85 levels. Should the stock decline intra-day traders can watch for intra-day support around the $35.15 area.

    Other leading cloud computing stocks that are trading higher include F5 Networks Inc.(NASDAQ:FFIV), Citrix Systems Inc.(NASDAQ:CTXS), and Inc.(NYSE:CRM). All of these leading cloud stocks have very similar pattens on the daily charts, therefore, traders must use caution after this rally concludes.

    Nicholas Santiago

    Stocks: RAX, CTXS, FFIV, CRN
Back To's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Utility #stocks leading markets higher despite slightly higher yields in the 10-year U.S. #Treasury. $SO, $ED, $XLU all higher today.
    Apr 20, 2015
  • $YELP Forming Bearish Chart....
    Apr 13, 2015
  • $WMT bearish base, daily 200-day ma. Should drop to the $78.00 level & present a good entry level to buy the stock.
    Apr 10, 2015
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.