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Shares of Liberty Media Under Pressure, Down 2.1%

Published on Thu, 02/21/2013 - 13:26
By Robert Cotter

Liberty Media (NASDAQ:LINTA), a company whose shares are moving quickly, is trading 2.1% lower to $21.03. The S&P is currently trading 0.9% lower to 1,500 and the Dow Jones Industrial Average is trading 0.5% lower to 13,852.

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.

In the past 52 weeks, shares of Liberty Media have traded between a low of $15.93 and a high of $22.05 and are now at $21.03, which is 32% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

Liberty Media (NASDAQ:LINTA) has potential upside of 11.8% based on a current price of $21.03 and analysts' consensus price target of $23.50. The stock should discover initial support at its 50-day moving average (MA) of $20.53 and subsequent support at its 200-day MA of $18.93.

By Robert Cotter
rcotter@fnno.com