Akamai (AKAM) Meets Tsunami Selling

Akamai Technologies Inc. (NASDAQ:AKAM) is one of the worlds leading providers of accelerating and improving the delivery of content and applications over the internet. The stock has declined sharply since February 9, 2011 when it reported earnings that were not received well by investors. The stock is trading lower again today by $2.08 to $37.40 a share. AKAM stock will have intra-day support around the $36.70 level. Aggressive day traders can look for bounce around that area.

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Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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