Nov. 14 at 3:46 AM
$AKAM is currently trading at
$88.67, above its 30-day moving average (MA30) of
$76.87 and 50-day moving average (MA50) of
$76.84, indicating bullish momentum. The RSI at 73.29 suggests that the stock is overbought, which could lead to a potential pullback. The 60-day high of
$92.0 presents a resistance level, while the low of
$70.82 indicates strong support.
Given the current market context, the directional bias is cautiously bullish but may face short-term corrections due to the high RSI.
Suggested entry point is
$87.50 to capture any upward movement. Set a stop-loss at
$85.00 to manage risk. Target 1 is
$92.00 (60D high), and Target 2 is
$95.00, allowing for potential gains while monitoring for overbought conditions.
Stay vigilant for any signs of reversal as the RSI approaches extreme levels.
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