Bearish Moving Average Cross by Liberty Media (LINTA)

Published on Mon, 04/15/2013 - 11:17
By Adrienne Chilton in Moving average crossovers, LINTA, liberty media, moving crosses, nasdaq:linta

Today, shares of Liberty Media (NASDAQ:LINTA) have crossed bearishly below their 10-day moving average of $20.99 on a volume of 872K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Liberty Media have traded between a low of $15.93 and a high of $22.10 and are now at $20.89, which is 31% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has remained constant.

Potential upside of 15.8% exists for Liberty Media, based on a current level of $20.89 and analysts' average consensus price target of $24.20. Liberty Media shares should encounter resistance at the 50-day moving average (MA) of $21.28 and support at its 200-day MA of $19.66.

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.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Quiksilver: The Losing Streak Continues ...

Shares of Quiksilver (NYSE:ZQK) traded at a new 52-week low today of $2.86. This new l ...

National Fuel Gas's Shares Changing Hand...

National Fuel Gas shares are trading on heavy volume today, having risen 0.2% to $69.02 ...

Shares of EXCO Resources Fall to a New 5...

Shares of EXCO Resources (NYSE:XCO) traded at a new 52-week low today of $4.45. This n ...

Shares of National Grid Are Moving Lower...

National Grid's stock is down 1.9% to $70.40 on heavy trading volume. Approximately 55 ...

Watch for Continued Gains in Shares of U...

U.S. Steel (NYSE:X) traded today at a new 52-week high of $34.73. So far today approxi ...

Volume Spike Detected in Shares of Rovi ...

Shares of Rovi are trading today in above average volume, with the share price falling ...

Web.com Group Inc: New 52-Week Low Set T...

Web.com Group Inc (NASDAQ:WWWW) traded today at a new 52-week low of $19.36. So far to ...

Shares of Torchmark Have Fallen Below Pr...

Torchmark (NYSE:TMK) traded today at a new 52-week low of $52.05. This new low was rea ...