Downgrade Alert for LPL Investment Holdings (LPLA)
LPL Investment Holdings (NASDAQ:LPLA) was downgraded from Outperform to Neutral at Credit Suisse today. The stock closed yesterday at $28.35 on volume of 609,000 shares, below average daily volume of 1.2 million.
LPL Investment Holdings share prices have moved between a 52-week high of $48.18 and a 52-week low of $15.38 and closed yesterday at 84% above that low price at $28.35 per share. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 1.8%.
LPL Investment Holdings, Inc. offers technology, brokerage and investment advisory services through business relationships with all types of financial advisors. Through proprietary technology, custody and clearing platforms, the Company offers access to financial products and services that enable them to provide financial advice and brokerage services to retail investors.
Potential upside of 42.4% exists for LPL Investment Holdings, based on a current level of $28.35 and analysts' average consensus price target of $40.36. LPL Investment Holdings shares should encounter resistance at the 200-day moving average (MA) of $35.56 and support at the 50-day MA of $23.95.
SmarTrend recommended that subscribers consider buying shares of LPL Investment Holdings on July 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.57. Since that recommendation, shares of LPL Investment Holdings have risen 6.7%. We continue to monitor LPLA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades lpl investment holdings