Akamai (AKAM) Offering Possible 8.7% Return Over the Next 21 Calendar Days

Akamai's most recent trend suggests a bullish bias. One trading opportunity on Akamai is a Bull Put Spread using a strike $64.00 short put and a strike $59.00 long put offers a potential 8.7% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $64.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $59.00 long put 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 up which suggests that the medium-term momentum for Akamai is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought 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

Activist Investor Likely To Push Akamai For Cost Cuts, But Is That The Right Move?
Wed, 27 Dec 2017 19:53:24 +0000
Elliott Management and Elliott International disclosed a joint 6.5-percent ownership stake in Akamai Technologies, Inc. (NASDAQ: AKAM ) Dec. 15.  The Analyst Morgan Stanley's Keith Weiss  maintained an …

Weekly CEO Buys Highlight
Tue, 26 Dec 2017 19:56:45 +0000
Details the CEO buys this past week from the following companies: Casa Systems, Akamai, Noble Energy, Vistra Energy, and WideOpenWest.

Why Akamai Tech Stock Rose Last Week
Tue, 26 Dec 2017 15:37:00 +0000
Internet (FDN) firm Akamai Tech (AKAM) rose 13.3% in the week ended December 22, 2017, to close at $65.45.

CFRA says these stocks are tax reform winners
Thu, 21 Dec 2017 18:19:00 +0000
Scott Kessler, CFRA director of equity research, discusses potential tax reform winners in the technology, health care, telecom, and financial sectors.

Akamai Technologies: S&P 500’s Top Gainer on December 18
Wed, 20 Dec 2017 14:01:35 +0000
Akamai Technologies, which is an American content delivery network and cloud services provider, was the S&P 500's top gainer on December 18.

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