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Look for Shares of Akamai Technolog to Potentially Pullback after Yesterday's 2.00% Rise

By David Diaz

Akamai Technolog (NASDAQ:AKAM) traded in a range yesterday that spanned from a low of $90.71 to a high of $91.97. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $91.84 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Akamai Technolog on June 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.21. Since that recommendation, shares of Akamai Technolog have risen 11.7%. 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 Technolog have traded between a low of $57.18 and a high of $93.12 and are now at $91.61, which is 60% 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 advanced 1.2%.

Keywords: rebounders akamai technolog

Ticker(s): AKAM