AKAM will re-test its 52 week high before the CC on July 24th......
The market knows that AKAM's numbers are only improving each quarter
and will continue to improve for several years to come!
This current rally isn't a 5 or 6 month rally, it's a 5 or 6 year rally......
So much more information is going onto the cloud and AKAM will benefit from the
quantum leap in volume as well as velocity of the internet over the next five to ten years.
I believe that this could happen if the markets stabilize. I think the market is still in a correction mode and could very well be as much as a 20% downturn. I would be healthy for the market going forward... at least a 10% correction. Anyhow, if the market does move back up, so will Akamai. I don't think it is out of the question to see them rally into the July 24th earning report by breaking through $50. We'll just have to wait and see. FYI... Long AKAM and purchasing on dips like to recent one to $40.75. Looking to make an easy 20% or more gain! I've set my sales point at $54.
Well, perhaps the correction mode is over... I was expecting at least a 10% correction, but as we get closer to braking through the Dow 15,000 again it looks like a 5% correction is all we get. Many are betting on a huge collapse of the market, but it still looks like there is steam in this long term rally. I say it looks very probable that AKAMAI will hit the 52 week high before or on July 24th! Buy low and sell high!