Tech companies that hit it big with one great product are often rewarded with a rich valuation. But if those companies can’t maintain a competitive advantage, that high-flying stock price quickly falls back to earth. Akamai (AKAM) continues to trend higher and looks very strong.
Strong Uptrend
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Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, AKAM scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
