AKAM trade ideas
AKAM on breakpoint - Long but cautious63.30 - key level to overcome as price is squeezed to it for the year. Price is not at top of the channel so on a pullback would be in a good position for a buy. Best if it keeps within the range of these weak supports.
There is a small divergence - enough to get the price back to ~60 and ready for a strong move up. Key Hidden levels are working on this one (props to timwest). Trade with care, company itself is doing well and has been in a stable uptrend for some time.
SELL - if below 56
BUY - Buy on pullback when CCI/RSI is below range and RMI is red, while VIXIFIX goes from green to grey and price is above previous Low.
For less risk and lower winnings buy on break of 63.3 resistance (preferable on closure above that price)
AKAM CUP and HandleThis stock has been around a while, from the 2000's but has formed a great cup and handle and could move rather well here. Watch the technicals and as always do your fundamental and news homework.
AKAM Gets Slammed Watch This Intra-day Support Level This morning, the leading internet content delivery company Akamai Technologies Inc (NASDAQ:AKAM) is declining lower by $1.39 to $55.08 a share. The stock looks to be selling off along with other major NASDAQ 100 stocks. Day traders can watch for intra-day support around the $53.45 level. This is an area where the stock could have an intra-day bounce.
Nicholas Santiago
www.IntheMoneyStocks.com
