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Monday, May 08, 2017 10:42:47 AM
Last week, leading content delivery network (CDN) provider Akamai Technologies Inc (NASDAQ:AKAM) sold off after reporting earnings. The stock peaked out in February at around $71.00 a share. Today, AKAM stock is trading at $51.25 a share. So is this stock now a value play? Not so fast, AKAM stock should still have a bit more downside pressure before it flushes out all of the sellers.
Traders and investors should now watch the $48.00 area for a significant low in the stock. This is an area where the stock actually broke out in February 2016. This should be a level where the institutions will likely step in and support the stock. Here's the trade, buy AKAM at $48.00 with a weekly chart stop loss below $45.00. The upside in this stock is for a move back to $55.00 and possibly higher.
![](http://www.inthemoneystocks.com/images/AKAM%205.8.17.png)
Nicholas Santiago
InTheMoneyStocks
Recent AKAM News
- Akamai Completes Acquisition of API Security Company Noname • PR Newswire (US) • 06/25/2024 11:00:00 AM
- Bots Compose 42% of Overall Web Traffic; Nearly Two-Thirds Are Malicious, Reports Akamai • PR Newswire (US) • 06/25/2024 10:32:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 08:33:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 09:43:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 09:42:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 09:39:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 09:37:31 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/14/2024 08:10:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 08:38:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/03/2024 08:26:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 08:55:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 08:34:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 09:03:58 PM
- EZDRM Joins Akamai Qualified Compute Partner Program • PR Newswire (US) • 05/16/2024 10:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 08:48:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 09:11:41 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/14/2024 08:47:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:53:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:51:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:49:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:48:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:47:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:45:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:44:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:42:44 PM
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