Tuesday, May 1, 2012

AKAM *** Short

-- broken chart... broke down below  10, 20, 30, 50 DMAs as well as the uptrend line after earnings

-- bounced off the 30 WMA and the channel bottom, as a dead cat bounce

-- MACD and ADX are now starting to pinch DOWN, just starting
      (ADX is at 19.759) on the daily chart

-- 60 mins chart show the MACD challenged the 0 line and now turning back down

-- look for short entry tomorrow (May 2nd), 10 mins chart showing MACD divergence, might give you a nice entry at a higher price to short


 with a stop 1% above the high of 05/01($34.48)

-- look to add if it breaks down below Monday's low ($32.20)


Risking $1.22

Reward $2.11

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