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Akamai Technolog Set to Possibly Rebound After Yesterday's Selloff of 5.87%

By Shiri Gupta

Akamai Technolog (NASDAQ:AKAM) traded in a range yesterday that spanned from a low of $83.91 to a high of $85.59. Yesterday, the shares fell 5.9%, which took the trading range below the 3-day low of $85.58 on volume of 555,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

In the past 52 weeks, shares of Akamai Technolog have traded between a low of $57.18 and a high of $93.12 and are now at $85.67, which is 50% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has remained constant.

Keywords: rebounders akamai technolog

Ticker(s): AKAM