Rackspace Surges 217% From Lows As Stock Tests Key Long-Term Trend Barrier

Chart created using Benzinga ProRXT stock is now testing its 200-day moving average near $1.20, a level widely used to define long-term trend direction. Stocks trading below this level are generally considered to be in long-term downtrends, while sustained moves above it often signal structural reversals.Volume Surge Confirms Elevated Market ParticipationRackspace's average daily trading volume has risen to approximately 7.9 million shares, based on its 9-day volume average. This marks a sharp increase from ...