Monday, June 15, 2015

LinkedIn (NASDAQ: LNKD): Chart Predicts Huge Rally in Beaten-Down Social Media Stock

It's not often that a stock suffers technical destruction and repairs itself in just a few weeks. But that is what seems to be happening to professional social media site LinkedIn (NASDAQ: LNKD). And the way it has performed recently suggests it has plenty of gas in the tank.
On April 30, the company issued a warning that Q2 revenue and earnings would fall short of expectations. The next day the stock cratered 19% to smash through its one-year trendline and 200-day moving average on huge volume, which is often the case when a stock purges.  (more)

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