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 in Unusual volume, LQDT, liquidity services, nasdaq:lqdt, unusual volume

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
pchu@fnno.com

Latest News from FNNO

Watch for Shares of Philip Morris (PM) t...

Philip Morris (NYSE:PM) has opened bullishly above the pivot of $85.26 today and has re ...

Bearish Moving Average Cross by Kemet (...

Kemet (AMEX:KEM) shares have crossed bearishly below their 10-day moving average of $5 ...

Buyers Accumulate Shares of QLIK Technol...

QLIK Technologies (NASDAQ:QLIK) is a company whose shares are active, trading 3.1% high ...

Shares of Cambrex Under Pressure, Down 1...

Cambrex (NYSE:CBM) is a company whose shares are active, trading 1.4% lower to $21.56. ...

Next Support Level for Deere (DE) is $86...

Shares of Deere (NYSE:DE) have bearishly opened below the pivot of $87.80 today and hav ...

Bearish Moving Average Cross by Beazer H...

Today, shares of Beazer Homes (NYSE:BZH) have crossed bearishly below their 10-day movi ...

Shares of Cabela's Receive a Boost, Up 3...

One of today's stocks on the move is Cabela's (NYSE:CAB), up 3.3% to $58.47. The S&P i ...

Shares of NorthWestern Under Pressure, D...

NorthWestern (NYSE:NWE) is one of today's notable stocks in decline, down 1.4% to $48.6 ...