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Akamai Technologies Falling Today on Above-Average Volume (AKAM)

By Amy Schwartz

Shares of Akamai Technologies are trading down 16.4% to $48.58 today on above average volume. Approximately 5.5 million shares have changed hands today vs. average 30-day volume of 2.1 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Akamai Technologies on June 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.15. Since that recommendation, shares of Akamai Technologies have risen 3.5%. We continue to monitor AKAM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Akamai Technologies have traded between a low of $39.43 and a high of $78.44 and are now at $48.58, which is 23% above that low price. 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: unusual volume Akamai Technologies

Ticker(s): AKAM