• user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 414605 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT COUNT(sid) AS count FROM sessions WHERE timestamp >= 1414816318 AND uid = 0 in /var/www/www.fnno.com/htdocs/includes/session.inc on line 111.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1414816318 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

Rackspace Hosting Looks to Continue to Trade Above its Annual-High Share Price Today

Published on Wed, 01/02/2013 - 15:33
By Peter Chu

Rackspace Hosting (NYSE:RAX) traded at a new 52-week high today of $76.96. Approximately 754,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.

Rackspace Hosting (NYSE:RAX) defies analysts with a current price ($75.95) 6.1% above its average consensus price target of $71.33. The stock should discover initial support at its 50-day moving average (MA) of $66.76 and subsequent support at its 200-day MA of $57.29.

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

In the past 52 weeks, shares of Rackspace Hosting have traded between a low of $40.57 and a high of $76.96 and are now at $75.95, which is 87% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.7%.

By Peter Chu
pchu@fnno.com

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