Akamai Technologies, Inc. ( $AKAM ) – stock is trading little under 100 dollars and offering a possible buying price between $90.23 – $94.74. Let’s look at the stocks technical actions using a weekly chart.
2. The stock brokeout in early February from a deep correction.
3. The stock witnessed a nice run after that.
4. The stock tried to post solid gains, however it got stalled, but still ended the week in green.
5. The stock resumed the run and made good progress.
6. The stock appears to be in a consolidation.
7. The stock also found support at the 50 day moving average during the run up.
8. The stock is offering possible buying price between $90.23 – $94.74, with a stop loss at $83.01.
This stock is already part of our Stocks under 100 Dollars pick and performance will be tracked here.
