user warning: Got error 28 from storage engine query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 435990 ORDER BY v.weight, t.weight, in /var/www/ on line 617.

Sellers Reduce Exposure to Shares of Liquidity Services on 1.2x Above-Average Volume (LQDT)

Published on Mon, 02/04/2013 - 14:15
By Peter Chu

The price of Liquidity Services shares has slipped to $33.01 (a 0.7% change) on heavy trading volume. About 909,000 shares have been traded today, as compared to the 30-day average volume of 746,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

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

Potential upside of 38.8% exists for Liquidity Services, based on a current level of $33.01 and analysts' average consensus price target of $45.83. The stock should find initial resistance at its 50-day moving average (MA) of $40.26 and further resistance at its 200-day MA of $47.13.

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 $33.01, which is 13% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has remained constant.

By Peter Chu