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Akamai Technolog (AKAM) Breaks Through Support at $95.23

By David Diaz

Shares of Akamai Technolog (NASDAQ:AKAM) have bearishly opened below the pivot of $94.92 today and have reached the first support level of $95.23. Investors may be interested in a cross of the next downside pivot targets of $94.30 and $93.68.

Based on a current price of $95.07, Akamai Technolog is currently 14.3% above its average consensus analyst price target of $81.44. The stock should discover initial support at its 50-day moving average (MA) of $86.94 and subsequent support at its 200-day MA of $84.21.

Over the past year, Akamai Technolog has traded in a range of $62.16 to $95.36 and is now at $95.07, 53% above that low. The 200-day and 50-day moving averages have moved 0.41% higher and 0.47% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Akamai Technolog. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Akamai Technolog in search of a potential trend change.

Keywords: pivot alerts akamai technolog

Ticker(s): AKAM