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Bullish Moving Average Cross by Liberty Media (LINTA)

Published on Thu, 04/25/2013 - 11:13
By Mallory Stone

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