AKAM – Facing Stiff Resistance

AKAM fell upon earnings announcement and since then it has been going down. Recently it tried to rise above 200 day moving average but failed.

It has stiff resistance at $30 level which would be hard for AKAM to conquer. So the logical path for AKAM to adopt is downward. The support I see is near $25 level.

Chart shown below:

AKAM - Facing Stiff Resistance AKAM May 19th 20121

AKAM - Facing Stiff Resistance

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