Sirius XM Radio Inc. (NASDAQ:SIRI) Down 0.28%, LinkedIn Corp (NYSE:LNKD) Down 0.51%

Posted by Michael Korte May 23, 2013 0 Comment 1674 views


Northern, WI 05/23/2013 (GDPInsider) – Sirius XM Radio Inc. (NASDAQ:SIRI) opened toady at 3.49, 0.05 cents below its previous close of 3.54 and is down 0.28% in trading. The slight decline comes on the back of strong volume of 39.606 million (average volume is 46.108 million) shares and the stock has a range of 3.43 and 3.53. SIRI has benefited from a strong upward trend and the technical chart shows a northward climb which started in earnest at the beginning of May 2013. The upward momentum is pushing SIRI towards its first resistance point of 3.58.

SIRI recently announced plans to launch Bob Hope Radio, a four-day channel dedicated to the Hope’s USO tours conducted for the military during World War II.  SIRI has traded positively in the last five days, recording increases as high as 1.45% on May 17, 2013.

The stock is up 3.86% on its SMA20; 9.61% on its SMA50 and has a forward P/E of 7.08. RSI is 65.36 indicating that the stock may soon spill over into overbought territory and analysts have set a target price of 3.66.

Is SIRI a solid investment at these levels? Get exclusive data and trends here.

LinkedIn Corp (NYSE:LNKD) opened at 173.51 in today’s trading, 3.41 down on its previous close of 176.95 and is down 0.51% at current market valuation. Volume has been relatively strong today with LNKD trading 1.613 million shares – 31.62% below average volume of 2.359 million. The stock has a range of 170.80 and 177.98.

LNKD is down 13.21% on its 52-week high of 202.91, but up 100.11% on its 52-week low of 88.00. The stock is trading 3.92% below its SMA20 and 1.84% below its SMA50. LNKD’s technical chart shows relatively flat trend, this has prevailed since the relatively sharp decline occurring at the start of May 2013. There are some positives for investors though because the predicted EPS for next year is set to rise 44.14%. Short term, EPS is expected to rise too with a projected increase of 51.92% this year (2013).

Analysts have set a target price of 199.92 and the stock has a healthy RSI of 44.83.

How Should Investors Trade LNKD Now? Get exclusive insights and updates here.

 

 

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About Michael Korte

Michael Korte an investigative reporter at GDP Insider and is a breaking news reporter. Michael work includes investigations of misconduct by federal prosecutors and industrial air pollution around the nation's schools. His reporting has been recognized with the Hillman Prize for Newspaper Journalism, the Grantham Prize for Excellence in Reporting on the Environment, and the Philip Meyer Journalism Award for reporting that incorporates social science methods.

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