Chart of the Day - Equinix (EQIX)

The "Chart of the Day" is Equinix (EQIX), which showed up on Friday's Barchart "All-Time High" list. Equinix on Friday posted a new all-time high of $176.16 and closed up 3.41%. TrendSpotter has been long since June 8 at $167.03. In recent news on the stock, Cowen said that Equinix could convert to a REIT if it wanted to. Barron's on May 20 mentioned Equinix in an article as one of the candidates for REIT conversion that would offer upside for investors. Equinix, with a market cap of $8.4 billion, operates Internet Business Exchange centers where Internet businesses place their equipment and their network facilities in order to interconnect with each other.