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Akamai Technolog Crosses Above its 10-day MA (AKAM)

By Nick Russo

Today, shares of Akamai Technolog (NASDAQ:AKAM) have advanced above their 10-day MA of $75.21 on a volume of 3.0 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Akamai Technolog share prices have been bracketed by a low of $44.65 and a high of $78.28 and are now at $75.80, 70% above that low price. The 200-day and 50-day moving averages have moved 0.76% lower and 0.61% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Akamai Technolog on October 3rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.27. Since that recommendation, shares of Akamai Technolog have risen 48.4%. 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