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Buyers Accumulate Shares of Liquidity Services, Up 1.5%

Published on Wed, 02/20/2013 - 11:29
By Robert Cotter

Liquidity Services (NASDAQ:LQDT) is one of today's biggest movers, up 1.5% to $34.76. The S&P is trading lower by 0.3% to 1,527 and the Dow is trading fractionally lower to 14,034.

Liquidity Services Inc. provides full service solutions to market and sell surplus assets and wholesale goods.

Liquidity Services share prices have moved between a 52-week high of $66.57 and a 52-week low of $29.30 and are now trading 19% above that low price at $34.76 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.6%.

There is potential upside of 30.3% for shares of Liquidity Services based on a current price of $34.76 and an average consensus analyst price target of $45.28. The stock should run into initial resistance at its 50-day moving average (MA) of $38.89 and subsequent resistance at its 200-day MA of $46.09.

By Robert Cotter