• Return to Headlines

Liveperson Inc Falls 12.79% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Liveperson Inc (NASDAQ:LPSN) traded in a range yesterday that spanned from a low of $32.78 to a high of $37.00. Yesterday, the shares fell 12.8%, which took the trading range below the 3-day low of $40.47 on volume of 2.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Liveperson Inc on October 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.61. Since that recommendation, shares of Liveperson Inc have risen 6.5%. We continue to monitor LPSN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Liveperson Inc has traded in a range of $16.98 to $42.85 and is now at $34.04, 100% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 1.4%.

Keywords: rebounders liveperson inc

Ticker(s): LPSN