On Friday, Akamai Technologies stock received a positive adjustment to its Relative Strength (RS) Rating, from 68 to 71.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an 80 or higher RS Rating as they begin their biggest runs. See if Akamai Technologies stock can continue to show renewed price strength and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
Is Akamai Technologies Stock A Buy?
After hitting a 52-week high of 129.17 on Feb. 9, Akamai Technologies stock has pulled back, trading below its 50-day moving line and approaching its 200-day moving average. While the stock is not near a proper buy zone right now, see if the cloud company goes on to form and break out of a proper chart pattern.
The cloud company showed 23% earnings growth in its most recent report. Sales rose 7%.
Akamai Technologies stock holds the No. 32 rank among its peers in the Computer Software-Enterprise industry group. Datadog, ServiceNow and Palantir Technologies are among the top 5 highly rated stocks within the group.
