Home 2020 Sitting on a Pile of Cash? Akamai Technologies (NASDAQ:AKAM) is Reaching for...

Sitting on a Pile of Cash? Akamai Technologies (NASDAQ:AKAM) is Reaching for its All Time Highs in Here



Akamai Technologies (NASDAQ:AKAM) is performing well, a look at the company’s YTD performance Vs the rest of the Computer & Technology sector tells us just how well and if it will it continue.

AKAM had gained about 18.5% YTD as of Friday’s close. At the same time, Computer & Technology stocks have lost an average of 6.60%. This means that Akamai Technologies is really outperforming the sector this year.

AKAM belongs to the Internet – Services industry, which includes 49 individual stocks, and the stocks in this group have lost 5.14% on average this, AKAM is performing really better in the sub-sector too.

The technicals reflect solid fundamentals and performance. If you are an investors interested in Computer & Technology stocks pay attention to this company.

The stock finished at 102.78, +0.52 Friday in NY. Shares are at 105.76, +.2.98 pre-market, headed to its 52 wk high at 108.25 and reaching for 120 plus mid-term.

There is strong support at 94.99 and little overhead resistance. The Key technical indicators are Very Bullish in to the Long Term.

Have a healthy week, Keep the Faith!

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