LinkedIn, Yelp: This Technician Provides Insight On A Pre Earnings Play

Same as Twitter Inc TWTR and GoPro GPRO, LinkedIn Corporation LNKD is scheduled to report earnings Thursday, after market close, and both mainstream media and social media are buzzing about the stock.

Analysts are expecting, in average, earnings of $0.53 per share, up 35 percent year-over-year. While experts are bullish, the crowd is bearish.

Benzinga contacted CMT Christian Tharp for some comments on LinkedIn. He said: “LNKD has been trading within a relatively clear range between $210 and $240 a share. Earnings should be the catalyst for the stock to break out of that range. A break above $240 should lead to much higher prices for the stock, while a break below $210 probably spells trouble for LNKD.”

Related Link: Here's Why Investors Should Expect A 10% Move For GoPro, Twitter And Yelp

Discussing several topics, Tharp went into Yelp Inc. YELP, also to report earnings on Thursday. He said that the key level to watch there is $50. “If the company's earnings report sends the stock lower towards that level, investors should watch for a hold if YELP is forming a bottom. However, a break of that support should lead to a decline of some magnitude for the stock.”