Tuesday, 27 March 2012

AKAM - snap higher...due

AKAM found some nice support at the 34.50 level, and with the MACD cycle due to go positive cycle this Wednesday, a move to around 41/43 by mid April is expected.

AKAM, daily

*I do consider AKAM a prime takeover target, although as with anything, it might never happen.

AKAM remains one of the strongest tech' companies out there, good sound numbers, and no sign of trouble in the mid term it'd seem.