TMCnet News
Upgrade Alert for LivePerson (LPSN)May 10, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- LivePerson (NASDAQ:LPSN) was upgraded from Neutral to Buy at Sidoti today. The stock closed yesterday at $12.77 on volume of 306,000 shares, below average daily volume of 321,000. LivePerson, Inc. provides technology that facilitates real-time sales and customer service for companies doing business on the Internet. The Company, an application service provider, offers its real-time interaction technology as an outsourced service. LivePerson has overhead space with shares priced $8.12, or 49.0% below the average consensus analyst price target of $15.92. LivePerson shares should first meet resistance at the 50-day moving average (MA) of $13.40 and find additional resistance at the 200-day MA of $14.69. In the past 52 weeks, LivePerson share prices have been bracketed by a low of $8.03 and a high of $19.60 and closed yesterday at $8.12, 1% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 1.5%. SmarTrend recommended that its subscribers protect gains by selling shares of LivePerson on April 22nd, 2013 by issuing a Downtrend alert when the shares were trading at $12.35. Since that call, shares of LivePerson have fallen 34.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |