LinkedIn Firmly Back Over $200

em>Joel Elconin is the co-host of

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LinkedIn

shares are trading higher by $5.62 at $206.40 in Tuesday's session. There has been unconfirmed chatter involving Carl Icahn and the company. As usual when his name is mentioned with an issue, there is an immediate rush to own the issue hoping to capitalize if he takes an activist role. So far, nothing has transpired but LinkedIn is posting a solid gain. It is now poised to post it second consecutive close over May 5 and 6. If the rally continues, there may resistance at the pari of highs from May 1 ($209.50), which was the day following its poor Q1 report and May 2 ($209.25). Beyond that level, the issue will enter the vacuum area in price that was created by Q1 miss all the way up to $250.16. LinkedIn is trading on slightly heavier than average volume for the second day in a row. On Monday, 2.79M shares changed hands and so far today 1.87 M shares have traded with three hours remaining in the day. The 20 day average stands at 2.08M.