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Bearish Moving Average Cross by Akamai Technolog (AKAM)

By James Quinn

Akamai Technolog (NASDAQ:AKAM) shares have crossed bearishly below their 10-day moving average of $90.21 on a volume of 149K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Akamai Technolog has traded in a range of $57.18 to $93.12 and is now at $89.82, 57% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.7%.

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 13.4%. 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