PPR - Observations on LNKD Action Today

Published : February 10 2012 at 13:58 ET

LinkedIn (LNKD) acts very well in a poor general market day. Today's action is something of a pocket pivot, something of a buyable gap-up, but we wanted to see how well it holds up with the market down. This would be buyable using the low of today as your stop, and we would want to see LNKD close near the peak of the daily trading range, ideally. Otherwise this is a very strong stock right here, right now. If this market pullback turns out to be short-lived, then we would espect LNKD to come on as a new leader.

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