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Linn Energy, LLC (LINE) Message Board

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  • yelyacs yelyacs Jan 24, 2013 11:23 PM Flag

    Investors leaving LINE for LNCO...here's why

    lNCO started trading at 37, is now at its all time high of ~40, 2.5 points above its present 50 day moving average. In that same period of time, LINE started at ~40, hit 42.57 and is 38.45 today, 0.66 above its 50 day moving average. When LINE has gotten stretched above its 50 day MA by ~2.5 points last couple years, its sold off. I'd have to hazard a guess LNCO's recent outperformance of LINE is close to over

    BUT LNCO has a much smaller float than LINE so may be more volatile (does look to have somewhat higher option implied volatilities), so could get stretched higher above its moving averages. LNCO has definitely been more actively traded (daily volume/float) than LINE. No K1 to hassle with for traders

 
LINE
11.37+0.11(+0.98%)May 21 4:00 PMEDT