Akamai Technologies (AKAM) - 07-30-2008
Akamai is a huge name to anyone that follows internet stuff. While they don’t have the front facing presence of GOOG or YHOO, chances are you’ve gone to more than a few sites that use them for content delivery without even knowing it. They just gave their quarterly report after the close and are trading below $26 (down almost 17%) in the after hours due to weak guidance and only meeting expectations. I’m only showing the weekly chart above, since this is just another one that I want to keep in mind for the distant future if it gets too oversold. Look for how much support $25 lends in the near term, and then see where this one is when the economy finally turns around (assuming their market position and fundamentals haven’t deteriorated of course).
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