Looking at a weekly chart of LinkedIn
, we can see an obvious uptrend inside of a range. During the "Flash Correction" it tested and found support at the bottom of the channel and starting a new upward trend. With earnings
coming up, I think right now is a good time (not too late) to get in the stock. Currently the stock broke through the bottom of the Cloud and the 50% line on the Fib Retracement. I think it can find some resistance around the $230/share level and consolidate a bit before making a run to the upper range of the channel. Analysts ratings since August have a Hold-Buy rating with the avg
Price Target of $256/share. The recent surge in The Nasdaq & Tech Sector ( XLK
) should also push positive sentiment.