Akamai Technologies (NASDAQ:AKAM) is a leader in providing services that improve the delivery of content and applications over the internet. The stock fell 4 percent Wednesday to $56.64 a share. The fall comes after a downgrade was issued in the stock and market volatility continues to cause stocks to overreact to any news.
Support
If it keeps falling, AKAM should have excellent daily chart support around the $50 area. That's where the stock was defended in October 2017 after forming a bearish pattern. I'd probably buy the stock around this important support area when tested. Please note that AKAM is scheduled to report earnings on February 5 after the closing bell.