Both LNKD and CRM, which we discussed as short-sale targets on Tuesday are coming just slightly "loose" here as they fail on rallies up to their respective 50-day moving averages. Initially, we would like to see the stocks get to their 200-day moving averages down at 84.49 for LNKD and 130.01 for CRM. The general market may figure into some of this, but we note that both stocks remained weak all day despite the market trading up earlier this morning. So far so good, and maximum upside stops are to be found at the 50-day moving averages at 103.22 for LNKD and 151.99 for CRM.
SSS - Follow-up on LNKD and CRM
|Published:||24 May 2012 15:57 ET|
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