Linkedin Poised for a Breakout

By | December 14, 2014

Linkedin (LNKD) shares broke their 50 day moving average this week, closed the October gap on the daily chart and bounced off the May/July/November uptrend line, then moved back up through the 50 day average, to test a downtrend line drawn off the November highs. This was impressive action in a decidedly down week for the broader market. It looks like the stock price is poised for a breakout.

43. LNKD charts

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