Caution for LinkedIn

By | August 19, 2014

There are some caution signs showing up for LinkedIn (LNKD) from both Twitter and StockTwits. As price has been moving higher daily momentum from both streams are showing weakness. In addition, 7 day momentum has been painting a negative divergence for the last two weeks. This indicates traders are taking profit in LNKD and less positive about the prospect of it moving higher near term.

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The weakness in momentum has also cause LNKD to show up on several short watch lists today. Aggressive traders are seeing a short opportunity and holders see it as a time for caution.

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