Price closed above 200 SMA (black). Slow stochastic cross in near future.
unusual activity in this stock today. high vol on the 200MA and a turnaround. maybe lokking to close gap in the neer futere. can take a small position now, full position at the break of 46.7 1st target 48.3 2nd target close gap at 51.85 stop at close below 44$ or 200MA GL
Seems to follow a 3 year cycle. looks to be going down until 2016
Looking for 48-50 range to hold as support with 55-59 as first 2 targets.
Entry - $33.30 Stop Loss - $33.64 Target $31.50 Short it on the break down!
CEO just bought a boat load of shares, has room to reach 39 @ least in 10-15 days, earnings in April
AKAM may need a few more days work before it can turn around but this looks like a short term long setup.
$AKAM tried to fill the gap after horrible runaway gap down to the south after earning was bad. Now, price moved lower but not as low as previous swing low after earning $33.55 which could be a signal to severe or sustained downward trend but now it looks even better entry. If you are short wait to see if price bounced from $33.55 downside target $32 area.Join us...
Yahoo finance yesterday: "The cloud platform company on Thursday announced a strategic alliance with AT&T Inc" yesterday the rise stopped exactly on the resistance line of two previous highs, if its broken today big long! After jumping 10% yesterday, today is the test - is it for real or just some unjustified hype. Wait till the stock breaks the 39.50 line, go...
46 would be target for a 2:1 on stop placement below energy coil it has broken out but the volume is not great