Get LinkedIn to the Next High Flier

• Posted by Greg Harmon
• on October 24th, 2013

With all the momentum stocks running rabid there is one former darling that has yet to lift off, LinkedIn, $LNKD. Perhaps it is just a matter of time though as thy report their earnings on October 29th after the market close. The chart below shows that it has already gone through a 38.2% pullback of the last leg higher and is turned back up. Falling trend resistance is just overhead (the red line) at about 251 and a move over that carries a target of about 311 on the AB=CD pattern. The RSI and MACD are both pointing higher to support more upside price action.

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