$AKAM is in a very interesting SymTri technical pattern, consolidating for the last few years, and so has under performed the broader markets over the same time period. But TA suggests that $AKAM has a great chance to play catchup.
The monthly close resistance trendline is now sub $50 and the tail trend, just a smidge north of $51. Clearing these trends, w/ or w/o a throwback, could be a great long setup. On the Weekly chart, we are breaking out of a bullish pennant, with 47.49 the key level to watch for the swing close high. $49.01 fires a new buy signal on the old school P&F chart. Swing traders buying this signal, as well as a throwback to say $48.47 has a nice risk reward if you use the MA(50) as the stop.
Thank you, I think. Just basic TA 101. We select fundamentally, but swing trade around a position technically.
$AKAM working through minor resistance at $48 mark after breaking the falling resistance trendline and setting a new swing high. Volume starting to fill in confirming move. Expecting retest of $48.47, and as we are in an ascending triangle, expect to see a move above $49.01 soon, firing that next buy signal on the P&F.
Current classic P&F price target is an uber bullish $79.