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Watch for Continued Gains in Shares of Akamai Technolog (AKAM)

By David Diaz

Shares of Akamai Technolog (NASDAQ:AKAM) traded at a new 52-week high today of $80.78. Approximately 123,000 shares have changed hands today, as compared to an average 30-day volume of 2.3 million shares.

Akamai Technologies, Inc. provides services for accelerating and improving the delivery of content and applications over the internet, ranging from live and on-demand streaming video capabilities to conventional content on websites, to tools that help people transact business and reach out to new and existing customers.

Akamai Technolog share prices have moved between a 52-week high of $80.78 and a 52-week low of $44.65 and are now trading 80% above that low price at $80.32 per share. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.8%.

Akamai Technolog (NASDAQ:AKAM) has potential upside of 1.4% based on a current price of $80.32 and analysts' consensus price target of $81.44. Akamai Technolog shares have support at the 50-day moving average (MA) of $74.16 and additional support at the 200-day MA of $62.96.

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 60.3%. We continue to monitor AKAM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows akamai technolog

Ticker(s): AKAM