Akamai Technologies, Inc. (AKAM) Update – Another Buy Opportunity
This update reiterates the bullish outlook discussed in late February, and the $107 minimum expected price objective that was generated by the bullish trigger of a large price pattern. In addition, it depicts a buy signal that occurred yesterday, as prices broke above resistance of a three month long bullish continuation pattern that formed within a predominant uptrend. Money management objectives are outlined.
Akamai Technologies provides solutions for securing, delivering and optimizing content and business applications over the Internet. The company provides online solutions for the security, delivery and acceleration of websites and applications. The company's solutions include: cloud security solutions; enterprise security solutions; web and mobile performance solutions; media delivery solutions; carrier solutions; and services and support solutions, which provides an array of service and support offerings that are designed to assist its customers with integrating, configuring, optimizing and managing its main offerings.
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