September 1, 2021, 4:49 pm EDT
Who can power the world’s digital leaders like Amazon, Google, Zoom, Oracle, Netflix, Cisco who store their most important digital assets on the cloud or data center? The answer is Equinix Inc (EQIX).
EQIX builds data centers worldwide.
There is no doubt that the demand for data centers is going to grow continuously when most of the data moves to the cloud. Thus, this special type of Real Estate Investment Trust (REIT) is breaking out today (EQIX, DLR, IRM).
Technically, its breakout is based on the three-month rectangle base where a solid foundation is presented. Protective sell-stop is 800.