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Strategies & Market Trends : The New Bull Market.
RMBS 95.03+0.8%2:23 PM EST

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To: Rich1 who started this subject6/29/2004 6:43:53 AM
From: Rich1  Read Replies (1) of 1750
 
AKAM Akamai Technologies R ($17.52): AKAM is a member of the Internet sector. This particular group was one of the early ones to reverse up on its sector bullish percent chart. The group remains in Bull Alert status with good field position. AKAM is one of the better-looking stocks in the sector, especially after today's breakout. AKAM broke a spread quadruple top at 17 and has clearly moved through its bearish resistance line that had dated back to the 2000 highs. As well, the stock is a 5 for 5'er with no near term resistance, a bullish price objective of 26, and first support at 15. That said, this is a very good risk-reward trade for those looking for a new tech/internet idea. Ok to scale into AKAM here (16-17.50 range) and use 14.50 as the initial stop/hedge point. ~
AKAM Trend Chart
19.0 -----------|---------------------------•-|----------------------------------- 19.0
18.5 | • 18.5
18.0 -----------|-----------------------------|-•-----------------X---------------Top 18.0
17.5 | | • X 17.5
17.0 -----------|-----------------------------|-----•-•-----------X--------------- 17.0
16.5 | | X X • X X 16.5
16.0 -----------|-----------------------------|---X-O-3-O-•---X-O-X--------------- 16.0
15.5 | | X O X O X • 6 O X 15.5
15.0 -----------|-----------------------------|---X-O-X-O-X-O-X-O----------------- 15.0
14.5 | X X O X O X O X 14.5
14.0 -----------|---------------------C-------X-O-X-O---O-4-O-X-------------------Med 14.0
13.5 | X O X O X O X O 5 13.5
13.0 -----------|---------------------X-O-----X-O-X-----O-X-O-X------------------- 13.0
12.5 | X O X O X O O X 12.5
12.0 -----------|---------------------X-O-X---1-2-X---------O--------------------- 12.0
11.5 | X X O X O X O 11.5
11.0 -----------|-----------------X-O-X-O-X-O-X----------------------------------- 11.0
10.5 | X O X O O | 10.5
10.0 -----------|-----------------X-O---------|-----------------------------------Bot 10.0
9.5 | X | • 9.5
9.0 -----------|-----------------X-----------|-----------------•----------------- 9.0
8.5 | B | • 8.5
8.0 -----------|-----------------X-----------|-------------•--------------------- 8.0
7.5 | X | • 7.5
7.0 -----------|-----------------X-----------|---------•------------------------- 7.0
6.5 | X | • 6.5
6.0 -----------|-----------------X-----------|-----•----------------------------- 6.0
5.5 | X X X | • 5.5
5.00 -----------|-----X-O-X-O-X---X-----------|-•--------------------------------- 5.00
4.75 | X O X O X O X • 4.75
4.50 -----------|-----X-7-X-8-9-O-X---------•-|----------------------------------- 4.50
4.25 X | X O O X A X • | 4.25
4.00 -X-O-------|-----6-----O-X-O-X-----•-----|----------------------------------- 4.00
3.75 X O | X X O X O X • | 3.75
3.50 ---O-------|-X-O-X-----O-X-O---•---------|----------------------------------- 3.50
3.25 O | X O X O • | 3.25
3.00 ---O-------|-5-O-----------•-------------|----------------------------------- 3.00
2.75 O X | X • | 2.75
2.50 ---O-X---X-O-X---------•-----------------|----------------------------------- 2.50
2.25 O X O X O X • | 2.25
2.00 ---5-X-O-X-O-4-----•---------------------|----------------------------------- 2.00
1.75 O 6 X C X • | 1.75
1.50 -------O-B-O-X-•-------------------------|----------------------------------- 1.50
1.25 O X 2 • | 1.25
1.00 -------O-X-•-----------------------------|----------------------------------- 1.00
0.75 8 • | | 0.75
0.50 -------•---|-----------------------------|----------------------------------- 0.50
0.25 | | 0.25
0 0
3 4
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