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
- Trading near the bottom of the bollinger bands
- Money Flow Indicator flashing oversold
- RSI just coming-off of oversold territory.
- On-balance Volume is negative indicating oversold
Exhibit: Equinix Technical Indicators
(Source: E*Trade)
