AKAM trade ideas
Faster Forward! CHOO CHOO! Full steam ahead ~Hi guys, new trader here. Looking at AKAM we're moving really fast here and it looks like we broke past the 80 dollar price for the first time in years. In just 2 weeks we've gone up 5 dollars. Looking forward I can see us at least hitting the 90 dollar mark by the end of year give or take. This is a very conservative estimate, I'm willing to bet we hit 90 in the next few months, if we break past that we will see 100 before a retracement. Otherwise we will hit break downwards from there as we are quickly approaching overbought on the RSI.
My ideas are not financial advice, just what I think is the likely scenario...
AKAMPretty good quality stock at some what expensive price level.
AKAM is currently at important price level. Here is my argument for long and short calls.
LONG:
- Consolidation right at important resistance level.
Bears show no sign of strength.
SHORT:
- Consecutive Bearish Divergences.
Decreasing momentum RSI & MACD as price moves higher.
- Stayed inside big range for 3 years
- 23.6% right above
My approach would be be patient and wait for price to break out either side of the yellow resistance region with some convincing confirmation factors.
"info": {
"close ": 78.33,
"marketcap ($bil)": 13.26,
"name": "akamai technologies, inc.",
"sector": "miscellaneous",
"industry": "business services",
"country": "united states"
},
"val": {
"peg_k": -2.00455782,
"fp2e_k": 31.97142857,
"p2e_k": 62.16666667,
"p2e": 71.20909091,
"p2bv": 3.97896043,
"p2sales": 5.25795594,
"p2fcf": 32.48073957,
"ev2ebitda": 20.59256637,
"ev2ebitda_k": 19.98739745
},
"val2_k": -1,
"val2_q": 3,
"qual2_k": 49,
"qual2_q": 31,
"qual3_k": 46
Akamai - Internet Video ConsumptionIs used by Netflix, HBO, Hulu basically most IPTV providers. They are also the primary CDN provider for Netflix. With the increase of internet video consumption and the news around Streaming TV. There should be quite bit of hype that will allow us to ride Akamai. \u2028\u2028It also seems to be reacting better to the overall market movement with shallower dips and higher highs.
Akamai technologies AKAM formed a pin barAkamai technologies AKAM: slowstoch is oversold and 2 days ago the stock formed a pin bar.
Slowstochastic is bounced on the oversold zone: pin bar is a good signal for reversing the trend.
Stock strenght is above 63.
Watch the stock and lets see on lower timeframes if there is a entry signal (for example at 4h TF).
Disclaimer:
This is just my tought: don't invest based on this idea.
3 Possible Scenarios for AkamaiFollowing a gap up on earnings we created a nice consolidation that ultimately broke out higher. The poor market condition pulled this one back to near the previous breakout level.
What I have here are 3 possible trading scenarios that I see for $AKAM. Also, the business is a solid data-center play and I think this one has some upside if broader market conditions can improve.
Akam Buy for short MediumWe see akam making a return getting in around $55.6 with TP: anywhere above 60 in short term and 65 in medium also an interesting prospect for future please comment your oppinions...
I also did a company evaluation and tech analysis ,but with reason not showing my full analysis... Have a look I think there might be something... If you do take them let me know how you do as well...
I entered at $53.8 and I'm TP=$66 or that is my goal atleast...
ANOTHER QUARTER ANOTHER OPPORTUNITYAKAM HAS GIVEN US THE SAME OPPORTUNITY AGAIN THIS QUARTER AS IT HAS SEVERAL QUARTS ON THIS CHART. IT HAS CONSISTENTLY HAD THESE GAPS TO THE DOWNSIDE FOLLOWED BY CAREFUL REBUILDING AND RALLIES BACK TO THE AREAS OF BREAKDOWN. I FAVOR THE AKAM 1.07% 6/55 CALLS RIGHT HERE( $ .76 LAST) BUT WOULD PAY UP TO $.85 OR SO...OZ