AKAMAI TECHNOLOGIES INC. - Akamai Technologies In Range Between 49.00 And 57.40 - 07/11/2016 (GMT)
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AKAMAI TECHNOLOGIES INC. Chart
Akamai Technologies, Inc. (NASDAQ: AKAM) is a content delivery network and cloud services provider headquartered in Cambridge, Massachusetts, in the United States. The last 5 months, the stock is trading in a range between the $49.00 lower band level and the $57.30 upper band level.
Currently, the price is moving above the 200-SMA which is near the upper band of the range. As it stands, if the bulls are strong enough to push the price further up, we would expect extensions towards the $63.50 resistance level, a hurdle tested in November of 2015. A failure to surpass above the upper band then should prompt a move lower towards the lower band at $49.00 and to stay within the sideways channel. On the daily chart, the MACD oscillator is moving in a positive territory but flattened the last few days while the Relative Strength Index is rising in a positive area, above 50 suggesting further upside momentum.
Currently, the price is moving above the 200-SMA which is near the upper band of the range. As it stands, if the bulls are strong enough to push the price further up, we would expect extensions towards the $63.50 resistance level, a hurdle tested in November of 2015. A failure to surpass above the upper band then should prompt a move lower towards the lower band at $49.00 and to stay within the sideways channel. On the daily chart, the MACD oscillator is moving in a positive territory but flattened the last few days while the Relative Strength Index is rising in a positive area, above 50 suggesting further upside momentum.
This member did not declare if he had a position on this financial instrument or a related financial instrument.
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