RE: CHARTS -T LINE TIPS1 Feb 2016 14:30
TRADE IDEA aPPLY sb AND t LINE
LinkedIn (LNKD) Long
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February 1, 2016 - 1:30 PM ET
The Trade Idea:
LinkedIn (LNKD) Long:
Entry Area: $200.00
Target Area: $210.00
Stop Price: $196.00
Why I like LNKD Long:
I like LNKD on the long side above $200. Like a lot of momentum names, it's gotten hit, but it looks like it's trying to come out of a base. The trend is still down but a relief rally could last a week or two.
Earnings are on 2/4 so there is risk there. I'm looking for it to hit $210, and I would place a stop at $196 for a better than 2:1 risk-reward.
Note: While I provide a concrete action price, target range and stop-loss level in my Trade Idea of the Week, every trader should manage trader according to their own risk tolerance, time frames, and strategy.
In the T3 Live Virtual Trading Floor(R), we have a team of contributors who would potentially manage this type of trade in very different ways, and there is no right or wrong way. With a VTF subscription, you can see when I enter and exit all of my long and short positions in real-time.
*DISCLOSURES: No position in LNKD
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The opinions expressed in the Marc Sperling Trade Idea of the Week are those of Marc Sperling, who employs an individual short-term trading strategy based on technical analysis. All price levels mentioned are based on his individual trading strategy.
All prices listed in the Marc Sperling Trade Idea of the Week are based on historical prices and market activity. Prices are subject to change at any time based on current market conditions. At no point should it be construed that this activity in fact reflects the actual trading conducted by Marc Sperling. All actual trading decisions are done independently based on numerous factors and may not reflect the information provided here. If you would like to see Marc Sperling's current long and short positions, please visit the Virtual Trading Floor available through T3Live.com
1) "Entry Price"Defined: Based on technical analysis, these are typically levels of support and resistance that, if breached, could potentially lead to momentum in a given direction. These action areas are based on the opinion of Marc Sperling.
2) "Target Range" Defined: Target range is the price range which the stock could potentially reach, based on the opinion of Marc Sperling.
3) "Stop-Loss Level" Defined: Level that you could potentially place a stop-loss order on the hypothetical trade in order to manage risk. However, all actual trading decisions are made independent of the information provided here.
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