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LivePerson Crosses Below its 10-day MA (LPSN)

By James Quinn

LivePerson (NASDAQ:LPSN) shares have crossed bearishly below their 10-day moving average of $7.40 on a volume of 323K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, LivePerson has traded in a range of $3.74 to $10.66 and is now at $6.54, 75% above that low. The 200-day and 50-day moving averages have moved 1.14% lower and 1.95% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of LivePerson on March 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $5.17. Since that recommendation, shares of LivePerson have risen 51.3%. We continue to monitor LPSN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses liveperson

Ticker(s): LPSN