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Guy Adami Is Bullish On LinkedIn Corp

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CNBC Fast Money's Guy Adami said on the show that LinkedIn Corp (NYSE: LNKD) could trade significantly higher.

The stock traded sharply lower and reached its three-year low on February 5 after the company posted weaker than expected guidance. Adami noticed that it has just completed a head-and-shoulders pattern with that move. He believes that this could be a short-term bottom for the stock, because it recorded a 25 times higher volume than its normal volume while it was trading at its three-year low.

Adami would buy LinkedIn and he would place a stop loss on a close below $100. His upside price target is $150.

 

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