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Technical Analysis
- 11/20/2009 8:53:41 AM
By Chip Brian, SmarTrend Analytics Team
Liberty Media (NASDAQ:LINTA) upgraded to Buy from Hold, $13.25 target, at Citigroup. The stock closed yesterday at $10.74 on volume of 2,843,900 shares, below average daily volume of 4,037,026.
Liberty Media is currently above its 200-day moving average of $6.97 and should find resistance at its 50-day moving average of $11.40.
SmarTrend is bullish on shares of LINTA and our subscribers received an Uptrend alert on July 17, 2009 at $5.97, which has returned 79.9% to date.
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