Akamai's most recent trend suggests a bearish bias. One trading opportunity on Akamai is a Bear Call Spread using a strike $46.00 short call and a strike $52.50 long call offers a potential 5.69% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $46.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $6.15 would be incurred if the stock rose above the $52.50 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 42.79 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Akamai
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Is Akamai Destined for Greatness?
Sun, 24 Nov 2013 17:57:49 GMT
Motley Fool – Content-delivery specialist Akamai has quietly become one of the tech sector's best companies, and investors have been enjoying the ride.
US close: Dow Jones breaks 16,000 for first time
Fri, 22 Nov 2013 08:24:00 GMT
Akamai’s German Business May Be Hit by NSA Spying Scandal
Thu, 21 Nov 2013 05:01:00 GMT
Bloomberg – The U.S. National Security Agency’s eavesdropping on foreign heads of state will probably hurt Akamai Technologies Inc.’s business in Germany, Chief Executive Officer Tom Leighton said.
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