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Shares of Liberty Media Rise to a New 52-Week High

By Nick Russo

Liberty Media (NASDAQ:LINTA) traded today at a new 52-week high of $28.07. This new high was reached on below average trading volume as 278,000 shares traded hands, while the average 30-day volume is approximately 2.8 million shares.

Potential upside of 3.1% exists for Liberty Media, based on a current level of $28.05 and analysts' average consensus price target of $28.92. The stock should discover initial support at its 50-day moving average (MA) of $24.71 and subsequent support at its 200-day MA of $22.86.

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.

In the past 52 weeks, shares of Liberty Media have traded between a low of $18.68 and a high of $28.07 and are now at $28.05, which is 50% above that low price. The 200-day and 50-day moving averages have moved 0.41% higher and 1.14% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Liberty Media on September 9th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.93. Since that recommendation, shares of Liberty Media have risen 16.0%. 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

Ticker(s): LINTA