Akamai's most recent trend suggests a bearish bias. One trading opportunity on Akamai is a Bear Call Spread using a strike $50.00 short call and a strike $55.00 long call offers a potential 24.07% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $50.00 by expiration. The full premium credit of $0.97 would be kept by the premium seller. The risk of $4.03 would be incurred if the stock rose above the $55.00 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 below 20 which suggests that the stock is in oversold territory.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Akamai
Top Losers in the Tech Sector in the Week Ended May 5
Mon, 15 May 2017 11:37:28 +0000
Meanwhile, Akamai Technologies (AKAM) stock fell 14.3% on the back of a disappointing 2Q17 outlook, although the company did just about beat earnings estimates.
Akamai Focuses on Clean-powered Internet with Wind Farm Investment
Wed, 10 May 2017 10:30:00 +0000
CAMBRIDGE, Mass., May 10, 2017 /PRNewswire/ — Akamai Technologies, Inc. (AKAM), the world's largest and most trusted cloud delivery platform, today announced the Company has invested in a wind energy farm as part of its commitment to source renewable energy for 50 percent of its global network operations by 2020. The 20-year investment places Akamai at the forefront of an emerging trend in which mid-market corporations are investing in renewable energy projects as a means to decarbonize their operations. Akamai intends to source enough energy from the 80-megawatt Seymour Hills Wind Farm to offset its aggregate Texas data center operations, representing approximately seven percent of its global power load.
Full Show: Bloomberg Technology (05/08)
Tue, 09 May 2017 01:15:03 +0000
Guests include: Boston Mayor Marty Walsh, Akamai CEO Tom Leighton, Boston Pops conductor Keith Lockhart, Bentley University President Gloria Larson and Massachusetts Governor Charlie Baker. (Source: Bloomberg)…
Akamai's Growing Role in Boston Tech
Mon, 08 May 2017 23:30:39 +0000
May.08 — Tom Leighton, Akamai's chief executive officer, discusses the company's growing role in Boston's tech scene. He speaks with Bloomberg's Caroline Hyde on "Bloomberg Technology."
Akamai Technologies Downgraded at Baird
Fri, 05 May 2017 17:18:00 +0000
The stock was down more than 1% Friday afternoon.
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