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RAX is a Buy weekness below $19.00

|Includes: Rackspace Hosting, Inc. (RAX)

Yes this stock may have a 91 PE  ratio, however look at GOLD a gold stock with over a 100 PE and has missed its earnings the last 12 (TWELVE!) quarters..and yet it's the hottest gold stock...its obvious GOLD has momentum...and so does RAX

I began following RAX after its Goldman Upgrade to Buy from Neutral on October8th (Target $23 from $16).

November 10th, 2009
This morning RAX gets double upgrades Kaufman Bros. and Oppenheimer. 
Rackspace upgraded to Outperform from Perform at Oppenheimer: Target $24.00
Rackspace upgraded to Buy from Hold at Kaufman Bros.  Target 22.50 from $16.00

The volume however is not too compelling as compared to other Goldman Upgrades (like TS or DWA), however I believe the momentum is still in play