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AKAMAI TECHNOLOGIES
(AKAM-Nasdaq):
Technical Viewpoint: From a low
of $39.13 on Jul 1, 2010 prices
rallied, reaching a
high of $45.99
on Jul 26, 2010. A
decline saw prices pull back, reaching a
low of
$36.69 on Aug 2, 2010.
Another rally saw prices penetrate
resistance, closing 8/20/10
at $47.86. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 18, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $45.99. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 9, 2010. A P&F upside
reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! AKAMAI TECHNOLOGIES
(AKAM-Nasdaq) @ $48.25 Stop: Use a protective stop of $46.25.
AKAMAI TECHNOLOGIES is currently trading @ $47.86 plus $2.85 on Aug 20, 2010. Price Objective:
$59.50. Risk/Reward: $2.00 VS. $11.25. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$59.50
Risk/Reward:
$2.00 VS. $11.25
Risk/Reward Ratio:
6:1
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