SSS - Thoughts on Short-Sale Targets for Thursday, May 31st

Published : May 31 2012 at 9:59 ET

We are using the 200-day moving averages as our downside price targets and profit objectives for LinkedIn (LNKD) and (CRM). Specifically, this would be the 84.69 price level for LNKD and 130.19 for CRM. Keep a close eye on the market indexes, as the potential for a news-induced upside jack still lurks out there, but we would look for a test of the 200-day line on CRM and LNKD to coincide, potentially, with a test of the 200-day moving averages on the NASDAQ Composite and S&P 500 Indexes.

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