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Akamai Technologies Inc (NASDAQ:AKAM) Surge to Upper Boundary of Parallel Channel
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Posted on 10/29/09 at 1:16pm by George Zabel
Akamai Technologies Inc (AKAM) shares have surged limit up today while still respecting the parallel channel formed.
I believe AKAM is due for a correction back down within days, (from $23 to appx $21)which makes AKAM a good candidate for short term Put buying. It is expected AKAM will provide this opportunity repeatedly over the coming weeks.
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