Technical Analysis Of Akamai, AMD And Cree

Akamai Stock Technical Analysis

Note: This analysis is as per closing price on 4th February. See here for Akamai technical charts.

Akamai (NASDAQ:AKAM) stock price is about to test 100 day moving average line. The stock has marginally breached 20 day moving average. The 100 day moving average had been providing support to Akamai stock price, before it formed double top pattern and breached the support line on January 13th. The moving average has been acting as a resistance since. Earlier the stock price tested the moving average line but was not able to break above 100 day moving average line. MACD is currently below the ‘zero’ centerline, indicating a bearish trend.
AKAM Technical chart
Akamai Technical Analysis Chart by amigobulls.com

AMD Stock Technical Analysis

Note: This analysis is as per closing price on 4th February. See here for AMD technical charts.

AMD (NASDAQ:AMD) stock price is about to break above the 100 day moving average line. This is the first time since September 11th that the stock price is near the 100 day moving average line. The upward trend is supported by increase in volume, indicating that the stock is likely to break above the moving average line. MACD is also sending bullish signal. The MACD line has broken above the ‘zero’ centerline, indicating a bullish trend. Also, in a bullish crossover the MACD line has cut the signal line from below.
AMD Technical chart
AMD Technical Analysis Chart by amigobulls.com

Cree Stock Technical Analysis

Note: This analysis is as per closing price on 4th February. See here for Cree technical charts.

Cree (NASDAQ:CREE) stock price is hovering near the 100 day moving average support line. The RSI indicator indicates that the stock is in overbought zone. Currently RSI is at 72.39, above the 70 overbought threshold. The MACD is also moving towards a bearish crossover.
CREE Technical chart
Cree Technical Analysis Chart by amigobulls.com

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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