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Akamai Technolog Bullish Moving Average Crossover Alert (AKAM)

By David Diaz

Akamai Technolog (NASDAQ:AKAM) crossed over its 10-day moving average of $90.20 on a volume of 612K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Akamai Technolog have traded between a low of $57.18 and a high of $93.12 and are now at $91.61, which is 60% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.6%.

SmarTrend recommended that subscribers consider buying shares of Akamai Technolog on June 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.21. Since that recommendation, shares of Akamai Technolog have risen 11.7%. We continue to monitor AKAM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses akamai technolog

Ticker(s): AKAM