Saw a couple of articles in IBD early this morning which made me dump my share of AKAM. One said $47.62 is the resistance level and it would likely move down from there.
Here is the 2nd article:
"Jan 04, 2011 (SmarTrend(R) Market Surveillance via COMTEX) -- Today, shares of Akamai Technologies (AKAM) have crossed bearishly below their 10-day moving average of $48.17 on volume of 973 thousand shares.
This may provide swing traders with an opportunity for a short position as such a crossover often suggests lower prices in the near term. Watch for a close below this moving average level for confirmation.
SmarTrend issued a Downtrend Alert for Akamai Technologies on December 20, 2010 at $49.42. In approximately 2 weeks, Akamai Technologies has returned 2.9% as of today's recent price of $47.98"