Cloud Stocks Float
This morning, all of the leading cloud computing stocks are catching a bid higher. Yesterday, the cloud computing stocks were sold off with the major stock market indexes. One of the leading cloud computing stocks that are trading higher today is Rackspace Hosting Inc (NYSE:RAX). This stock is trading higher by 0.41 cents to $51.73 a share. Short term traders should watch for intra-day resistance around the $52.57 and $53.25 levels. RAX stock is still trading above the daily chart 50 moving average which tells us that the stock still has strength.
Some other leading cloud computing stocks that are trading higher include F5 Networks Inc (NASDAQ:FFIV), Riverbed Technology Inc (NASDAQ:RVBD), Aruba Networks Inc (NASDAQ:ARUN), and Salesforce.com, Inc (NYSE:CRM). All of these stocks are still holding up well on the daily charts.