Watch for Shares of Akamai Technologies (AKAM) to Approach R

Financial News Network
February 15, 2011 AT 1:33 AM
"Shares of Akamai Technologies (NASDAQ:AKAM) have bullishly opened above the pivot of $41.42 today and have reached the first resistance level of $41.86. Analysts will be watching for a cross of the next upside pivot targets of $42.28 and $43.14.Over the past year, Akamai Technologies has traded in a range of $24.64 to $54.65 and is now at $41.77, 70% above that low. The 200-day and 50-day moving averages have moved 0.55% higher and 1.38% lower over the past week, respectively."