Editor's Note:

Additional Trading Ideas:

In addition to tonight's new candidate(s), consider these stocks as possible trading ideas and watch list candidates. Some of these may need to see a break past key support or resistance:

(bullish ideas) RH, KAI, OMG, DNKN, STMP,


Akamai Tech. - AKAM - close: 44.65 change: -1.26

Stop Loss: 46.25
Target(s): 40.25
Current Gain/Loss: unopened

Entry on June -- at $--.--
Listed on June 04, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.2 million
New Positions: Yes, see below

Company Description

Why We Like It:
AKAM is in the business of providing online content delivery and cloud infrastructure services. The stock gapped open higher back in April on a better than expected earnings report and raised earnings guidance. The stock went from $36 to $48 in less than four weeks. That's a +33.3% gain. It looks like AKAM may have gone too far too fast thanks to its above average short interest (currently about 11% of the float). Now shares are correcting lower.

The bounce just failed at short-term resistance near $46.00. This looks like an entry point for short-term bearish positions. I am suggesting a trigger at $44.45. If triggered our target is $40.25. More aggressive traders could aim lower.

Trigger @ $44.45 *Small Positions*

Suggested Position: short AKAM stock @ (trigger)

Annotated chart: