Look for a Cup and Handle formation to form - Back up to $53
As we continue on to the February earnings report... Look for a cup formation to form back up to $53. We shall see if it consolidates there to form the handle. It will all depend on the future guidance they give this time... Hopefully, management has learned to not to blow it in the earnings report by guiding down and then beating the highest point. I think they should just give a range that will please Wall Street and even if they land in the middle they will have met expectations. Akamai has a history of getting punished for even the slightest negative sentiment in forward expectations. They've beat the last three times... and I'm hoping for the pattern to continue!