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Liquidity Services Shares Sinking Lower, Down 1.7%

Published on Thu, 03/14/2013 - 12:36
By Robert Cotter

Liquidity Services (NASDAQ:LQDT) is one of today's notable stocks in decline, down 1.7% to $30.47. The Dow is up 0.4% to 14,518 and the S&P is currently up 0.4% to 1,561.

In the past 52 weeks, shares of Liquidity Services have traded between a low of $29.30 and a high of $66.57 and are now at $30.47, which is 4% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 1.3%.

Potential upside of 48.6% exists for Liquidity Services, based on a current level of $30.47 and analysts' average consensus price target of $45.28. The stock should find initial resistance at its 50-day moving average (MA) of $36.87 and further resistance at its 200-day MA of $43.79.

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

By Robert Cotter
rcotter@fnno.com