Shares of Liquidity Services are trading down 17.0% to $36.28 today on above average volume. Approximately 3.2 million shares have changed hands today vs. average 30-day volume of 635,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.
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 24% above that low price at $36.28 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has risen 0.2%.
Liquidity Services (NASDAQ:LQDT) has potential upside of 70.5% based on a current price of $36.28 and analysts' consensus price target of $61.88. The stock should run into initial resistance at its 50-day moving average (MA) of $47.36 and subsequent resistance at its 200-day MA of $48.06.
Liquidity Services Inc. provides full service solutions to market and sell surplus assets and wholesale goods.
