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Possible Trend Reversal, Akamai Technolog Down on Heavy Volume (AKAM)

By Amy Schwartz

Shares of Akamai Technolog are trading down 3.3% to $86.41 today on above average volume. Approximately 1.5 million shares have changed hands today vs. average 30-day volume of 1.4 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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 11.4%. 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, Akamai Technolog share prices have been bracketed by a low of $57.18 and a high of $90.76 and are now at $86.53, 51% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.0%.

Keywords: unusual volume akamai technolog

Ticker(s): AKAM