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)
Please share this article
No comments:
Post a Comment