Thursday March 27, 2014
Amazon and Google continue to cut Cloud Prices.
Each bar represents one month of trading for RAX. Once it hit 80, all the good news was in the market. now the market is concerned bout th cost cutting from a behemoth like GOOG. With all their revenue they can cut below cost just to steal business from RAX. At bottom the momentum indicator MACD has yet to bottom and turn up. Clearly RAX needs to hold $30, or the price is heade way down. This bears watching.
Professor Elam 
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