By Nicholas Santiago
| Stock Markets
| Oct 16, 2013 05:29PM GMT |
LinkedIn Corp. (LNKD) is higher, today, as the market continues its rally. However, inside the rally there are bear clouds forming.
The recent strong bounce on LinkedIn has created a bear flag. Not only is it a classic flag pattern that favors the downside, but the stock price just slammed into the 50- and 20-day moving averages. LNKD has 'short' written all over it. The stock should fall back for a few days off this level.
This is a fantastic chart setup.
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