Showing posts with label Datacenter. Show all posts
Showing posts with label Datacenter. Show all posts

Wednesday, March 10, 2021

Equinix: Technical Set-up Looks Good

 Equinix (EQIX):

EQIX has been on BofA US 1 list for a long time. It seemed to be very expensive, finally it has come back down and I have opened a position today at $640. Actually, I wish I had picked it up yesterday.
$EQIX's Technical Set-up 
  1. Trading near the bottom of the bollinger bands
  2. Money Flow Indicator flashing oversold
  3. RSI just coming-off of oversold territory.  
  4. On-balance Volume is negative indicating oversold
Exhibit: Equinix Technical Indicators
(Source: E*Trade)


The Industrials Sector is on a Tear

 The Vanguard Industrials Index ETF ( VIS ) touched a 52-week high of $202.86 on Friday, June 16 (Exhibit 1) .   Exhibit 1: Vanguard Industr...