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

By David Diaz

Today, shares of Akamai Technolog (NASDAQ:AKAM) have fallen below their 10-day MA of $83.21 on a volume of 112K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower 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 $86.19 and are now at $82.75, which is 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.3%.

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 4.0%. 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