Trade of the Day - Akamai Technologies Inc. NASDAQ (AKAM)

As per yesterday's watch list, I placed a buy limit order for AKAM at $40.55 before leaving for work. Unfortunately, I did not get hit as price bottomed at $40.60, so I had to chase a bit. I sold 50% after a 1+ pt. gain. AKAM could not take out resistance on the first intraday attempt, but after pulling back to support around $41.00, it consolidated for an hour or so and then started to move back up so I re-entered my full share size and exited into the close.

Today was my best day so far this month. I traded all of yesterday's watch list names (CKFR long; CTXS long and BOOM short). CKFR was a long on a break of Friday's high. I sold the entire position at $40.00 and change, as this stock was getting far too extended given last week's big gains. I tried to buy CTXS on a gap fill but it didn't quite manage to close the gap so I took an entry on a break of the pre-market high. BOOM gapped down on the open on high volume confirming my bull trap theory so I managed to get in on the 3rd 15 minute bar as it made a feeble attempt to rally. I exited the entire position after a 1 pt. gain.

Here are the charts:

Click on charts to enlarge