LinkedIn Stays In Tight Trading Range

LinkedIn Corp LNKD shares are trading higher by $1.32 at $117.33 in Monday's session. Over its previous three sessions, it has been in a $114.02-$119.27 trading range. All three of its lows were in a tight range from $114.02-$114.39.

Off the open, it found support ahead of that key area and began to grind higher. So far, it has found resistance just above Thursday's high ($118.60), peaking at $118.88.

So far, the issue has not been able to sniff the high made on the day of its disastrous Q1 report. On February 5, the issue gapped down from its previous close ($192.28), only to peak at $128.99 before ending the session at $108.38.