Akamai Technologies (AKAM) Closes Three Consecutive Trading Sessions Higher

Akamai Technologies, Inc. (NASDAQ: AKAM) closed Thursday's session 1.50% higher, at $37.87, and that was its third consecutive trading session closed in the positive territory. The stock is recovering from a sharp decline that happened on February 7th, after earnings results were posted. Akamai Technologies (AKAM) opened 18.71% lower, at $33.80, but it managed to rebound immediately and close the session at $35.26, or 4.32% higher.

On Thursday, it closed above the middle of the gap, which is $37.69, but it will be interesting to see how will AKAM behave around $38. On December 6th, Akamai gapped higher, and it opened the session at $37.87. On October 25th, another gap higher occurred and the low of that day was $38.10. We could see some resistance in this area today. In after hours trading, AKAM jumped to $37.95 and I will be watching today to see if the move higher can continue.

Disclaimer: I don't have a position in AKAM. The material on this website is not an investment advice. I do not provide investment advices. Before investing you should consider risks.