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Watch for Continued Gains in Shares of Liveperson Inc (LPSN)

By Amy Schwartz

Liveperson Inc (NASDAQ:LPSN) traded today at a new 52-week high of $39.29. Approximately 116,000 shares have changed hands today, as compared to an average 30-day volume of 883,000 shares.

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 services. The LivePerson service enables its clients to communicate directly with internet users via text-based chat.

Liveperson Inc (NASDAQ:LPSN) is currently priced 47.0% above its average consensus analyst price target of $20.75. Liveperson Inc shares have support at the 50-day moving average (MA) of $31.10 and additional support at the 200-day MA of $26.29.

In the past 52 weeks, Liveperson Inc share prices have been bracketed by a low of $16.98 and a high of $39.29 and are now at $39.12, 130% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.6% while the 50-day MA has advanced 3.4%.

SmarTrend recommended that subscribers consider buying shares of Liveperson Inc on July 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.31. Since that recommendation, shares of Liveperson Inc have risen 31.1%. We continue to monitor LPSN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows liveperson inc

Ticker(s): LPSN