Akamai's most recent trend suggests a bullish bias. One trading opportunity on Akamai is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 14.94% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock dropped below the $52.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Akamai is bullish and the probability of a rise 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 at 78.98 level which suggests that the stock is neither overbought nor oversold at this time.
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
Nasdaq stocks posting largest percentage increases
Tue, 18 Feb 2014 23:02:42 GMT
AP – A look at the 10 biggest percentage gainers on Nasdaq at the close of trading: InterCloud Systems rose 22.9 percent to $12.90. Bind Therapeutics rose 12.0 percent to $15.40. RiceBran Tech rose 10.6 percent …
4:03 pm Akamai Tech completes acquisition of Prolexic; will result in additional Q1 revs of $7-8 mln, be dilutive to non-GAAP EPS by ~$0.01
Tue, 18 Feb 2014 21:57:54 GMT
Akamai Completes Acquisition of Prolexic
Tue, 18 Feb 2014 21:02:00 GMT
PR Newswire – CAMBRIDGE, Mass., Feb. 18, 2014 /PRNewswire/ — Akamai Technologies, Inc. (AKAM) today announced it has completed its acquisition of Prolexic Technologies, Inc., a privately held company based in Hollywood, Florida that provides cloud-based security solutions for protecting data centers and enterprise IP applications from distributed denial of service (DDoS) attacks. On December 2, 2013, Akamai announced a definitive agreement between the parties pursuant to which Akamai would acquire all of the outstanding equity of Prolexic. “Cyber-attacks are on the rise all over the world, with many resulting in significant economic or reputational damage to enterprises, governments, and end-users,” said Tom Leighton, CEO of Akamai. “With our acquisition of Prolexic now complete, we are excited to extend the value of our combined teams and offerings to online businesses across all industries. Our focus is to optimize and secure the ‘entire IP experience,' Web or otherwise, and to provide an unparalleled layer of protection against the most sophisticated of attacks without sacrificing site or application performance.”
Weakness seen in Cognex (CGNX): Stock Tumbles 8.2%
Tue, 18 Feb 2014 10:59:58 GMT
LogMeIn Results Lift Internet Network Solutions Group
Fri, 14 Feb 2014 22:53:00 GMT
Investor's Business Daily – LogMeIn Results Lift Internet Network Solutions Group
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