Akamai's most recent trend suggests a bearish bias. One trading opportunity on Akamai is a Bear Call Spread using a strike $60.50 short call and a strike $65.50 long call offers a potential 11.11% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $60.50 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock rose above the $65.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Akamai is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Akamai is bearish.
The RSI indicator is at 36.74 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Akamai
Mobile security firm Lookout names new CEO, looks to expand
Thu, 13 Mar 2014 18:05:02 GMT
Mobile security firm Lookout names new CEO, looks to expand
Thu, 13 Mar 2014 18:00:00 GMT
Lookout Names Dolce as CEO of Mobile-Security Startup
Thu, 13 Mar 2014 18:00:00 GMT
Bloomberg – Lookout Inc., a maker of smartphone security software, named entrepreneur and Akamai Technologies Inc. (AKAM) Vice President Jim Dolce as chief executive officer as it seeks to boost growth and woo larger customers. Co-founder John Hering, 30, will step down as CEO to become executive chairman, San Francisco-based Lookout said today. Dolce, 51, who has been involved in the founding of four technology companies, most recently was at Akamai and has also worked at Juniper Networks Inc. That experience will help Lookout expand its business with corporate customers and mobile-network operators, Hering said.
Basho Signs High Profile CEO And CTO
Thu, 13 Mar 2014 16:23:00 GMT
Forbes – Basho, the creator of the open source scale-out NoSQL database has had a tumultuous few weeks. First they lost, in quick succession, their CEO, CTO and chief architect. All in the space of thee months CTO Justin Sheehy went to Twitter VMware, Chief Architect Andy Gross left to go to […]
Why Battery Makers Are on a Tear?
Mon, 10 Mar 2014 16:59:02 GMT
Bloomberg – March 10 (Bloomberg) –- MKM Holding Derivatives Strategist Jim Strugger discusses the VIX and battery makers with Scarlet Fu on Bloomberg Television’s “Market Makers.” (Source: Bloomberg)
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