Akamai Technologies (ticker: AKAM) has been here before. This looks really familiar and could be an easy short. Also when it tested the 100 day simple moving average it was broken quite easily. I wouldn’t be surprised if it broke the 200 day moving average just as easy. I’m going to keep a close eye on this one today to see if we get more bearish movement. Volume is decent and it shouldn’t be too hard to short.
Only 1 trade today. This trade was fast. Shortly after hitting my target it reversed. Anyone else trying trade a similar setup with a larger target would have gotten stopped out with the big wick testing the daily high. […]