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Trend Radar is a column that allows you to track and evaluate specific movements in certain stocks or indices on a daily basis.

We expect this column of observation to help you more in-timely and accurately understand the market and to profit from the potential rally of the stock.

Disclaimer: Historical performance of stocks or indexes is not indicative of future trends. The content of this article is for informational purposes only. Investments are risky, opinions are not direct investment advice.

1. $Akamai(AKAM)$ Q2 Earnings Beat Estimates on Higher Revenues

$Akamai(AKAM)$ Jumped 8.47% to a 1-year high, ranked the Top 2 gainer of $S&P 500(.SPX)$ will it hold on$100.99( Above 850DMA)?

As of 9 AUG

2. Factors Drives $Akamai(AKAM)$ ‘s Prices Higher

• In the second quarter, Akamai launched an enhanced security service with new premium features to strengthen protection against evolving cyber threats. Akamai also announced the acquisition of Neosec, an API detection and response platform based on data and behavioral analytics.

• The company also introduced Brand Protector, an innovative solution designed to identify and disrupt phishing websites, fake stores and instances of brand impersonations. These initiatives are likely to have improved its top-line performance.

• Based on 11 Wall Street analysts offering 12 month price targets for $Akamai(AKAM)$ in the last 3 months. The average price target is $102.80 with a high forecast of $118.00 and a low forecast of $67.00. The average price target represents a -0.88% change from the last price of $103.71.

3. More Discussion on $Akamai(AKAM)$’s Future Trend and Target price

Cited from Yael Lopez from hareplanner.com: $AKAM gapped above the inverse head and shoulders neckline, but I think it’s better to wait for a pullback to the neckline before considering a new long position at this point.

Cited from UltraAigo, @Slayer10Stock $AKAM Awaiting Short Signal based off 12 signals $1,071 net profit 6.91 profit factor 75% win rate on a 15-min chart.

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• At what price will consider add $Akamai(AKAM)$ to your watch list? What’s your target price?

• Any other stocks are shaping the same pattern?

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