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LinkedIn Is Good Until It Breaks: The Technicals

Published 08/22/2013, 04:52 PM
Updated 07/09/2023, 06:31 AM

I've got no issues with LinkedIn (LNKD) as you can see in my markup below.

That's assuming it can hold the 20-day moving average and the rising channel inside of which it is perfectly trading. Once that happens, all hell could easily break lose on this stock and a pullback to $200 is possible or at the very least, a pullback to the $213 gap fill area would seem like a definite.

Mature trend
I also wouldn't add or initate a position at this point. This stock is mature in its trend and I'd rather manage a position that is already in place.

Here's My Technical Analysis
LinkedIn Corp.

Latest comments

shooting straight up now with a p/e of 900...talk about a bubble
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