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Akamai Technologies Set to Possibly Rebound After Yesterday's Selloff of 1.09%

By Nick Russo

Akamai Technologies (NASDAQ:AKAM) traded in a range yesterday that spanned from a low of $46.90 to a high of $47.70. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $47.46 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Akamai Technologies on February 8th, 2017 by issuing a Downtrend alert when the shares were trading at $64.07. Since that call, shares of Akamai Technologies have fallen 25.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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 19% above that low price at $46.92 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