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Eqinix Inc. investor buys 71,900 more shares

By: InvestorsObserver
Posted: 4/17/2014 1:37:00 PM
Referenced Stocks: EQIX

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]