Friday, March 29, 2013

Sector Leaders' Stock Little Changed; LinkedIn ... -

The three Sector Leaders ended little changed Wednesday, even though the general market bounced back from big losses to finish with a split decision.

LinkedIn (LNKD) was the only gainer among the trio of Sector Leaders. It reversed early losses and climbed 1.83, or 1%, to 177.88. Wednesday marked its second straight gain after reversing lower Monday. Turnover edged down from Tuesday's pace and ended 49% below average. Most of LinkedIn's gains this month have come on below-average trade.

The stock has yet to test its 50-day moving average or offer another buying opportunity since breaking out in January. LinkedIn has rallied as much as 57% from a 116.97 handle buy point. It also has not given any sell signals.

FleetCor Technologies (FLT) gave up 64 cents to 76.05, as it eased from Tuesday's record high. News of the company buying GE Capital's Australian fuel card business from late Tuesday failed to lift its shares. On the plus side, Wednesday's turnover came in below average, suggesting that the big money didn't dump shares.

The stock ended 4% past a 73 buy point from a three-weeks-tight pattern. FleetCor broke out Friday in almost three-times average trade.

HomeAway (AWAY) ended mildly lower for a second straight session, losing a nickel to 33.13. Volume moved up from Tuesday's pace, but still ended 34% below average. The stock has been a big winner since gapping past a 27.57 buy point from a cup base Feb 21.

The Austin, Texas-based firm operates an online marketplace for vacation rental homes. In 2012, earnings grew 30% to 48 cents a share. Analysts polled by Thomson Reuters see profit rising 33% to 64 cents a share this year.


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