PPR - Getting the Proper Perspective on LNKD

Published : March 21 2012 at 9:45 ET

Today's buyable gap-up move in LNKD on the open looks like this on the daily chart. The declining tops trendline, likely a "line of least resistance," is being broken this morning on both a buyable gap-up and a clean base breakout. Is this the start of a strong move in LNKD? The only way to find out is by getting on board, using a maximum 6-7% downside stop on this breakout. One can also use the intra-day low (so far 97.01) as a selling guide as well, perhaps allowing for some porosity given LNKD's tendency to be "squirrely" at times.


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