Rackspace Hosting, Inc.’s ( RAX ) share price has entered into oversold territory with an RSI value of 26.7. The Zacks Consensus Estimate for Rackspace for the full year period has narrowed 2 cents over the past two months to 60 cents per share. Currently, Rackspace has a Zacks Rank #2 (Buy), suggesting that now might be a good time to get in on ( RAX ) after its recent drop.
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment