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Watch for Akamai Technolog to Potentially Rebound After Falling 5.87% Yesterday

By Nick Russo

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.

Over the past year, Akamai Technolog has traded in a range of $57.18 to $93.12 and is now at $85.67, 50% above that low. The 200-day and 50-day moving averages have moved 0.56% higher and 0.06% lower over the past week, respectively.

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.

Keywords: rebounders akamai technolog

Ticker(s): AKAM