Picked up AKAM on weakness around midday as it appeared to be making a series of higher lows. I sold 50% of the position into the close as it retested the morning highs in the $31.40 range. I'm swinging the balance of the trade into tomorrow and my stop is set at $30.45 just below the afternoon low and my original entry point. My target is $32.40.
Wednesday, May 31, 2006
Swing Trade - AKAM
Picked up AKAM on weakness around midday as it appeared to be making a series of higher lows. I sold 50% of the position into the close as it retested the morning highs in the $31.40 range. I'm swinging the balance of the trade into tomorrow and my stop is set at $30.45 just below the afternoon low and my original entry point. My target is $32.40.
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