Digital Infrastructure Play Sets up Bullish Flag Above Support
Equinix (EQIX) shares of the REIT name are bull flagging above its 200 day EMA and reversed strong last Friday off the gap down test of one year VWAP and 55 day EMA near 850. The name is a higher dollar ticker but has room to run up to an untested VPOC near 925 with a first target near 900 that would make for a solid percentage move from the 8 EMA near 865. EQIX saw an opening seller last week for 450 June $830/$820 bull put spreads and still has 950 June $970 short calls in open interest which would make for a good target into June expiration.