Buyers Accumulate Shares of Akamai Technologies, Up 2.8%

Published on Fri, 02/01/2013 - 13:18
By Adrienne Chilton in Market movers, AKAM, akamai technologies, market movers, nasdaq:akam

One of today's notable stocks on the rise is Akamai Technologies (NASDAQ:AKAM), up 2.8% to $41.86. The S&P is currently trading 1.0% higher to 1,513 and the Dow Jones Industrial Average is trading 0.9% higher to 13,994.

Akamai Technologies has overhead space with shares priced $41.86, or 3.9% below the average consensus analyst price target of $43.58. The stock should discover initial support at its 50-day moving average (MA) of $39.21 and subsequent support at its 200-day MA of $35.70.

Over the past year, Akamai Technologies has traded in a range of $25.90 to $42.53 and is now at $41.86, 62% above that low. The 200-day and 50-day moving averages have moved 0.25% higher and 0.92% higher over the past week, respectively.

Akamai Technologies, Inc. provides global delivery services for Internet content, streaming media, and applications and global Internet traffic management. The Company uses technology and software based on mathematical formulas and algorithms to monitor Internet traffic patterns.

By Adrienne Chilton
achilton@fnno.com

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