Bullish Moving Average Cross by Liberty Media (LINTA)

Published on Thu, 04/25/2013 - 11:13
By Mallory Stone in Moving average crossovers, LINTA, liberty media, moving crosses, nasdaq:linta

Liberty Media (NASDAQ:LINTA) shares have crossed bullishly above their 10-day moving average of $20.46 on a volume of 865K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Liberty Media has overhead space with shares priced $20.58, or 15.0% below the average consensus analyst price target of $24.20. The stock should hit resistance at its 50-day moving average (MA) of $21.14, as well as support at its 200-day MA of $19.77.

Liberty Media share prices have moved between a 52-week high of $22.10 and a 52-week low of $15.93 and are now trading 29% above that low price at $20.58 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has risen 0.2%.

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 Mallory Stone
mstone@fnno.com

Latest News from FNNO

U.S. Steel: 52-Week High Recently Eclips...

U.S. Steel (NYSE:X) traded at a new 52-week high today of $33.19. This new high was re ...

WellPoint Looks to Continue to Trade Abo...

Shares of WellPoint (NYSE:WLP) traded at a new 52-week high today of $116.50. So far t ...

Watch for Continued Gains in Shares of W...

Shares of Westmoreland Coal (AMEX:WLB) traded today at $43.84, breaking its 52-week hig ...

Recent 52-Week Low Surpassed in Shares o...

Shares of UBS (NYSE:UBS) traded at a new 52-week low today of $17.44. Approximately 4. ...

Grupo Televisa Looks to Continue to Trad...

Shares of Grupo Televisa (NYSE:TV) traded today at $36.18, breaking its 52-week high. ...

Shares of Trinity Industries Rise Above ...

Trinity Industries (NYSE:TRN) traded at a new 52-week high today of $47.83. This new h ...

Watch for Continued Gains in Shares of P...

Shares of Post Properties (NYSE:PPS) traded today at $55.82, breaking its 52-week high. ...

Pike Electric: The Losing Streak Continu...

Pike Electric (NYSE:PIKE) traded at a new 52-week low today of $8.10. This new low was ...