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inthemoneystock (< 20)

LinkedIn Corp Chart Says Please Short Me

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October 16, 2013 – Comments (1) | RELATED TICKERS: LNKD

LinkedIn Corp (NYSE: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 moving averages. This has 'short' written all over it. The stock should fall back for a few days off this level. This is a fantastic chart setup.

Gareth Soloway
InTheMoneyStocks.com

1 Comments – Post Your Own

#1) On October 19, 2013 at 4:26 PM, austinhippie (82.37) wrote:

Only problem is that if you are looking a minimum of two years out, the PE is about 20x 2015 projected earnings. So the question is,"What is your temporal perspective?". This stock may take a small breather, but I wouldn't bet the farm on it.

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