Eqinix Inc. investor buys 71,900 more shares


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Bobby Raines 04/17/2014

SPO Adivsory Corp., already a beneficial owner of shares of Equinix Inc. ( EQIX ) , bought 71,900 more shares between April 14 and April 16. At prices between $170.43 and $180.06 per share, the fund paid $12,345,230 for the new shares.

IK-> The technicals for EQIX ($179.75 flat) are bullish with a neutral trend. Recent support has been near $170.48 and recent resistance has been near $185.44. Standard & Poor's has a three STARs (out of five) ranking on the stock. Look at the June 155/160 bull-put spread for a 20-cent credit. That's an 4.2% return and the stock has to fall 11.0% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com

This article appears in: Investing Options
Referenced Stocks: EQIX

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