AKAMAI TECHNOLOGIES INC. - AKAM
Monthly chart shows support of the $27.79 area. Buyers took price up and regained two months worth of losses.
Weekly chart shows increasing upside momentum. Strong buying evident last week. Price closed well above the 8ema.
Daily chart shows higher low made. Kicker signal made by Thursday's price action as early buyers gapped up the price at the open. Friday's price action saw another gap up in price and profit-taking as it tested the prior high. IF buyers can manage to take price up and through the current high, THEN look for first target at the $40 area.
Saturday, October 27, 2007
AKAM Analysis for 10.27.2007
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