CleverFoxFI

Linked in 10% move ahead, time to short?

Short
NYSE:LNKD   None
1
LNKD just broke below its 8 month trend line and its below the 50 day MA. I predict a kiss of death back to trend and then down to test the 200 day MA as well as its last low of about $187. I'm going short with a stop at the 50 day and a target of $190-$200. With negtive earnings and a forward PE of 78 it doesn't make sense for it to be valued this high. Down we go.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.