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
$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...
Akam broke a resistance point today ( around $38). It will most likely to test that support level before continuing it's ascent. Placing a conservative buy order @ 39.10 in case of a break out (up)
