A long term investor, and not one to be deterred by short, sharp swings in the market, Dan Sullivan has developed one of the advisory industry's most successful track records over some three and a half decades, based on relative strength.
In his newsletters, The Chartist, he says, "Technically it is extremely difficult not to be bullish." He explains, "The advance decline line is at bull market highs along with advance decline volume. Over the past 50 years the advanced decline line has always topped out ahead of the major indexes."
Meanwhile, his latest relative strength Spotlight Stock is Akamai Technologies Inc. (NASDAQ:AKAM). The advisor says, "The Internet created a monster and Akamai helps to tame that monster. It was started as a challenge in early 1995 by MIT Professors, Tim Berners-Lee and Tom Leighton, to invent a fundamentally new and better way to deliver Internet content.
"Dr. Leighton, a professor of Applied Mathematics recognized that a solution to Web congestion could be found in applied mathematics and algorithms. The result was routing and distributing content over a large network of individual servers instead of a centralized one.
"Launching commercial service in April, 1999, the company soon announced that one of the world's most trafficked Web properties, Yahoo!, was a charter customer. Today, Akamai has helped transform the Internet from a chaotic network into a predictable, scalable and secure business platform.
"The company delivers, on average, 10 to 20% of daily Web traffic including some of the most heralded online events like the Olympics and the Academy Awards. Its customer base includes six of the top 10 Global 500 companies, six of the top 10 agencies on the Keynote Government 40 index and many Fortune 500 companies.
"Headquartered in Cambridge, Mass., the company has grown into a global leader in distributed computing solutions and services, and is focused on helping companies grow their online businesses without growing their IT infrastructures.
"To accomplish this task, Akamai has created the world's largest and most widely used on-demand distributed computing platform, with more than 20,000 servers in nearly 71 countries.
"Currently, Akamai holds down the #4 spot in our relative strength ratings. It was up 167% last year and continues to exhibit a highly bullish chart pattern. Following a modest pullback from its December highs it rallied in January and now trades right at its all-time highs. It trades well above its uptrending 50 and 200 day moving averages."
Steven Halpern's TheStockAdvisors.com provides a free, daily overview of the latest stock ideas from the nation's leading financial newsletters.
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