Shares of Liberty Media Rise to a New 52-Week High
Shares of Liberty Media (NASDAQ:LINTA) traded today at $21.85, breaking its 52-week high. This new high was reached on below average trading volume as 408,000 shares traded hands, while the average 30-day volume is approximately 2.8 million shares.
There is potential upside of 8.3% for shares of Liberty Media based on a current price of $21.69 and an average consensus analyst price target of $23.50. Liberty Media shares have support at the 50-day moving average (MA) of $20.28 and additional support at the 200-day MA of $18.86.
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.
Liberty Media share prices have moved between a 52-week high of $21.85 and a 52-week low of $15.93 and are now trading 36% above that low price at $21.69 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.2%.
SmarTrend recommended that subscribers consider buying shares of Liberty Media on October 16th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.10. Since that recommendation, shares of Liberty Media have risen 6.2%. We continue to monitor LINTA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows Liberty Media