This could make you $100,000 or more over the next 12 months…

On July 27 at 7 p.m. ET, Eric Fry and Louis Navellier will reveal a new Supercycle that’s about to grip the markets and how you can leverage this event to potentially make $100,000 or more.

Tue, July 27 at 7:00PM ET

AKAM Less Than 50 Cents From a Breakout Buy Signal

Akamai Technologies (AKAM) — This big-cap technology company’s distributed computing platform handles one-third of all Internet traffic.

On Friday, analysts at UBS (UBS) initiated coverage with a “buy” rating and $70 price target. They expect earnings per share of $2.85 in 2015, up from a consensus estimate of $2.35 for 2014.

The company has said it plans to achieve $5 billion in revenue by 2020, compared with an estimate of just under $2 billion in 2014.

Technically the stock has several powerful indicators going for it. It is at the top of an ascending triangle with a breakout point at $62.50, less than $0.50 from Wednesday’s close. And within the apex of the triangle is a reverse head-and-shoulders with its neckline also at $62.50. Support is at the 50-day moving average at $59.73.

A break above the neckline gives a trading objective of $68. Buy AKAM at the market.

AKAM Chart
Click to Enlarge

Chart Key

Article printed from InvestorPlace Media,

©2021 InvestorPlace Media, LLC