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Liberty Interactive Corporation Message Board

  • md841 md841 Apr 19, 2009 7:41 PM Flag

    Chart Experts say LINTA heading to $6, then $10

    The stock has made a massive move today, up 29%, on seemingly no significant news items. The move today breaks the stock out of a base that has been forming since November of last year, and which was broken to the topside today at the $4 area. Upside from the base suggests a minimum move up to the $6 area is probable. A much longer-term move back to the $10 area may also be possible. Long-base breakouts can persist in the direction of the break for some time. The pattern is most easily seen on a multi-year monthly chart.