Stock Chart Analysis RACK

Posted by downtowntrader | 6/19/2007 10:18:00 PM | 0 comments »

Stock Chart Analysis RACK

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

I highlighted RACK before as a stock possibly finding a bottom. It attempted a breakaway gap but ended up coming back to fill it. It has been trading on declining volume and narrow range days as it consolidates. It is now at it's rising 20 day sma and it might use it as support. If tech stocks move, then RACK may attempt rally.

Good Trading,


for more analysis, check out