Limelight Networks Inc (LLNW) Technical Analysis

Rob Witt

http://www.learnstocks101.com

Limelight Networks Inc (LLNW) has obviously had quite a run and all the indicators are banging their head on the roof. ADX is at 50 and RSI is 69. You can get higher but not by much. Could this run more? Certainly. If you really want to take a chance here this is how I like to play these. First you have to find your support levels and I found 5.68, 5.14, 4.70. Then you have to determine your risk tolerance. Then you have a couple choices, buy part of the position now and if it breaks resistance or support add more. I don't always like buying more at support as I would rather just get rid of my partial position and what to see where it does find support. You other option is to wait for it to find support and bounce but then you could miss the move. These are always tough calls as you don't want to chase but then you don't want to miss a move either. Thanks for visiting our site and request a free trial if you want to look around.

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