From a technical standpoint i am a bit sceptical about this stock. It is still holding above the 50-exponential moving average, which is good, but the MACD still showing a negative divergence and CMF continues falling. Addionality, there is something to take note, the insider transactions. Since the begining of the month, the insiders have sold thousands of shares, more than 229.000 ( Check this out http://www.secform4....ing/1271024.htm ) Generally, when insiders sell shares especially in large amount it is a sign that "negative things" are coming or they think the company is overvalued (it's better to be cautious here imo).
Stocks to Watch for May 20, 2013
LinkedIn Corp (NYSE:LNKD) - Insiders selling like crazy
Started by
Costa
, May 18 2013 04:52 AM
No replies to this topic
#1
Posted 18 May 2013 - 04:52 AM
Costa
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