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Tickers in this Article: LINTA
New York, September 11th (TradersHuddle.com) - Shares of Liberty Media Corp - Interactive (NASDAQ:LINTA) ended the trading session lower by $0.4 or -2.07% from its previous close. Liberty Media's price action formed what is considered to be a bearish engulfing candlestick chart pattern.

Liberty Media Corp - Interactive (NASDAQ:LINTA) is a tracking stock issued by Liberty Media Corporation to track the performance of the Interactive group. The Interactive groups interests include a TV home shopping network, Internet shopping, and online travel booking site.

Liberty Media's current stock range is determined by calculated support defined at $14.13 and by the resistance level at $19.46, which should be used by traders planning their next move.

If traders want to establish a position in Liberty Media, they need to pay close attention at the bearish engulfing pattern, since it could mark a trend reversal in the current price action. The Bearish engulfing pattern is a leading warning sign; therefore, traders should closely monitor Liberty Media for indications of a trend reversal. Below an Engulfing Bearish Candle Illustration:

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