Stock Chart Analysis RACK

Posted by downtowntrader | 5/31/2007 11:17:00 AM | 0 comments »

Stock Chart Analysis RACK

Rackable Systems, Inc. (Public, NASDAQ:RACK)

RACK is starting to look interesting here. It has dropped from the mid fifties to basically its IPO price in the past year. It recently tested the post IPO lows and looks like it may be turning up. This stock is hated right now, and this is a case where everyone that was dumping may be finished. There is plenty of room to the upside even for a deadcat bounce with minimal risk. If the markets squeeze some shorts in a breakway move to record highs, then RACK may do the same.

Good Trading,


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