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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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  • Rackspace Hosting - RAX - Barchart Chart Of The Day 0 comments
    Jan 2, 2013 10:55 AM | about stocks: RAX

    Barchart.com's Chart of the Day - Rackspace Hosting (NYSE:RAX)

    Barchart Research Team - BC - Tue Jan 01, 9:33PM CST

    The "Chart of the Day" is Rackspace Hosting (RAX), which showed up on Monday's Barchart "All-Time High" list. Rackspace on Monday rallied to a new all-time high of $74.78 and closed +2.13%. TrendSpotter has been long since Nov 29 at $69.04. In recent news on the stock, JPMorgan on Dec 5 initiated coverage on Rackspace with an Overweight rating and a target of $83. Rackspace Hosting, with a market cap of $10 billion, is a leader in computer services hosting.

    (click to enlarge)
    We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
    The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

    • TrendSpotter: Buy
    • Short-Term Indicators: 80% Buy
    • Medium-Term Indicators: 100% Buy
    • Long-Term Indicators: 100% Buy
    • Overall Average 96% Buy

    Barchart links for further information:

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    Chart of the Day Archive
    View Past Chart of the Day Reports

    Stocks: RAX
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