Wednesday, January 02, 2019 12:06:22 PM
Akamai Technologies Inc (NASDAQ:AKAM) is a leader in providing services that improve the delivery of content and applications over the internet. Today, the stock is declining by 4.0 percent to $56.64 a share. The fall comes after a downgrade was issued in the stock. Traders and investors should note that the market is still in a very volatile environment causing stocks to really overreact to any news. Either way, AKAM stock should have excellent daily chart support around the $50.00 area should it decline further. This level is where the stock was defended in October 2017 after forming a bearish pattern. I would likely be a buyer of the stock around this important support area when tested. Please note, AKAM is scheduled to report earnings on February 5th after the closing bell.
Nicholas Santiago
InTheMoneyStocks
Recent AKAM News
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