I couldn't resist picking up some AKAM again when it retested its $35.00 resistance from last night. I booked 50% of my profit as price hit $37.00 and I sold the balance after a failed attempt to make a higher high on the five minute view brought price back into $37.00. I bought it again after it held support at $36.00 for a quick rally into the close - good for another $0.75.
Thursday, July 27, 2006
Trade of the Day - Akamai Technologies NASDAQ (AKAM) Again
I couldn't resist picking up some AKAM again when it retested its $35.00 resistance from last night. I booked 50% of my profit as price hit $37.00 and I sold the balance after a failed attempt to make a higher high on the five minute view brought price back into $37.00. I bought it again after it held support at $36.00 for a quick rally into the close - good for another $0.75.
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