Akamai Technologies (AKAM) — This Internet applications and content provider broke from an extended consolidation early in November at just under $24.
The rise from its low of the year in August was made with a series of textbook bullish flags with each break rising to new highs and profit-taking bringing prices back to support at the 20-day moving average.
This is a very orderly, measured advance that will most likely continue for some time.
The target for a trade in AKAM is $32.
Akamai Technologies is rated a three-star stock (“hold”) by S&P.
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