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Liberty Media Looks to Continue to Trade Above its Annual-High Share Price Today

Published on Thu, 01/10/2013 - 15:14
By Mallory Stone

Liberty Media (NASDAQ:LINTA) traded at a new 52-week high today of $20.98. So far today approximately 1.9 million shares have been exchanged, as compared to an average 30-day volume of 5.1 million shares.

Liberty Media Corp - Interactive is a tracking stock issued by Liberty Media Corporation to track the performance of the Interactive group. The Interactive groups interests include home and Internet shopping online travel.

Potential upside of 11.0% exists for Liberty Media, based on a current level of $20.84 and analysts' average consensus price target of $23.14. The stock should find initial support at its 50-day moving average (MA) of $19.60 and further support at its 200-day MA of $18.60.

In the past 52 weeks, shares of Liberty Media have traded between a low of $15.93 and a high of $20.98 and are now at $20.84, which is 31% above that low price. The 200-day and 50-day moving averages have moved 0.11% higher and 0.14% higher over the past week, respectively.

By Mallory Stone
mstone@fnno.com