Liquidity Services (NASDAQ:LQDT) shares have crossed bearishly below their 10-day moving average of $40.81 on a volume of 206K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Liquidity Services (NASDAQ:LQDT) has potential upside of 42.9% based on a current price of $40.67 and analysts' consensus price target of $58.10. The stock should hit resistance at its 200-day moving average (MA) of $47.37, as well as support at its 50-day MA of $40.40.
In the past 52 weeks, shares of Liquidity Services have traded between a low of $31.00 and a high of $66.57 and are now at $40.67, which is 31% above that low price. The 200-day and 50-day moving averages have moved 0.23% lower and 0.65% higher over the past week, respectively.
Liquidity Services Inc. provides full service solutions to market and sell surplus assets and wholesale goods.