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Bullish Moving Average Cross by Akamai Technologies (AKAM)

By Shiri Gupta

Today, shares of Akamai Technologies (NASDAQ:AKAM) have advanced above their 10-day MA of $48.35 on a volume of 647K 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 Technologies share prices have been bracketed by a low of $39.43 and a high of $78.44 and are now at $49.17, 25% 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 its subscribers protect gains by selling shares of Akamai Technologies on February 8th, 2017 by issuing a Downtrend alert when the shares were trading at $64.07. Since that call, shares of Akamai Technologies have fallen 24.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Akamai Technologies

Ticker(s): AKAM