Stock Picks – Akamai Technologies-AKAM

   

 

Akamai Technologies (AKAM) — This Internet applications and content provider broke from an extended consolidation early in November at just under $24.   

12 17 09 akam Stock Picks   Akamai Technologies AKAM 

dmo chart key Stock Picks   Akamai Technologies AKAM

The rise from its low of the year in August was made with a series of textbook bullish flags with each break rising to new highs and profit-taking bringing prices back to support at the 20-day moving average. 

This is a very orderly, measured advance that will most likely continue for some time. 

The target for a trade in AKAM is $32.

Akamai Technologies is rated a three-star stock (“hold”) by S&P.


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Article printed from InvestorPlace Media, http://investorplace.com/2009/12/stock-picks-akamai-technologies-akam/.

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