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Akamai Technolog (AKAM) Breaks Through Resistance at $50.83

By Nick Russo

Shares of Akamai Technolog (NASDAQ:AKAM) have bullishly opened above the pivot of $50.47 today and have reached the first resistance level of $50.83. Investors may be interested in a cross of the next upside pivot targets of $51.05 and $51.63.

Potential upside of 0.0% exists for Akamai Technolog, based on a current level of $0.00 and analysts' average consensus price target of $61.79. The stock should run into initial resistance at its 50-day moving average (MA) of $53.67 and subsequent resistance at its 200-day MA of $59.75.

Over the past year, Akamai Technologhas traded in a range of $0.00 to $71.64 and are now at $0.00. 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%.

SmarTrend recommended that its subscribers protect gains by selling shares of Akamai Technolog on February 8th, 2017 by issuing a Downtrend alert when the shares were trading at $64.07. Since that call, shares of Akamai Technolog have fallen 21.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts akamai technolog

Ticker(s): AKAM