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Look for Shares of Equinix to Potentially Pullback after Yesterday's 1.47% Rise
Dec 17, 2012 (SmarTrend(R) News Watch via COMTEX) --
Equinix (NASDAQ:EQIX) traded in a range yesterday that spanned from a low of $198.02 to a high of $201.75. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $200.00 on volume of 780,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, shares of Equinix have traded between a low of $80.85 and a high of $212.00 and are now at $201.47, which is 149% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has declined 0.3%.
SmarTrend is monitoring the recent change of momentum in Equinix. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Equinix in search of a potential trend change.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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