• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Liveperson Inc (NASDAQ:LPSN)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Liveperson Inc (NASDAQ:LPSN) based on the price action in the company's shares. Yesterday's price range of $34.22 and $35.01 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Liveperson Inc may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Liveperson Inc (NASDAQ:LPSN) is currently priced 40.4% above its average consensus analyst price target of $20.75. Liveperson Inc shares should encounter resistance at the 50-day moving average (MA) of $38.29 and support at its 200-day MA of $31.63.

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.

In the past 52 weeks, Liveperson Inc share prices have been bracketed by a low of $16.98 and a high of $42.85 and closed yesterday at $34.81, 105% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has declined 0.6%.

SmarTrend is monitoring the recent change of momentum in Liveperson Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Liveperson Inc in search of a potential trend change.

Keywords: bullish am inside day candle liveperson inc

Ticker(s): LPSN