LinkedIn Approaches Top End Of Trading Range

LinkedIn Corporation

shares are trading higher by $3.60 at $120.92 in Thursday's session. The all but forgotten social media issue has been out of the market spotlight since its $80 plus drubbing ($192,26 to $108.38), when the company beat for Q4 but guided lower for Q1. On that disastarous day it peaked at $128.98, but swooning under $100 and not bottoming into it put in a series of lows around the $99 are, with the eventual low being $98.25. However, since February 18, it has been trading range. The end of the range has been defined from $106-$108 on the downside and $121.50-$122.50 area on the upside. Now with its Q1 report (with lowered expectationss) one week away, the issue is approaching the upper end of the trading range with the current high standing at $121.96. If the issue can ever clear $128.98, there is a void in trading up until the low from the day before it Q4 reprot at $186,18,