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After Yesterday's Rally of 1.42% Shares Could Potentially Pullback

By Shiri Gupta

Akamai Technologies (NASDAQ:AKAM) traded in a range yesterday that spanned from a low of $56.50 to a high of $57.69. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $57.40 on volume of 856,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Akamai Technologies and will alert subscribers who have AKAM in their portfolio or watchlist when shares have changed trend direction.

Akamai Technologies share prices have moved between a 52-week high of $78.44 and a 52-week low of $39.43 and are now trading 45% above that low price at $57.13 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.8%.

Keywords: rebounders Akamai Technologies

Ticker(s): AKAM