Thursday, September 29, 2011

Liquidity Services - LQDT _ Barchart Chart of the Day

Barchart.coms Chart of the Day - Liquidity Services (LQDT)
Related Stocks
LQDT - Liquidity Services
Sym Last Chg Pct
LQDT 34.85 +3.56 +11.38%
The "Chart of the Day" is Liquidity Services (LQDT), which showed up on Wednesday's Barchart "All Time High" list. Liquidity Services on Wednesday rallied by 11.38% and posted a new all-time high of $36.12. TrendSpotter has been Long since Sep 2 at $30.05. In recent news on the stock, Stifel Nicolas on Sep 28 initiated coverage on LDQT with a Buy and a target of $41. Oppenheimer on Sep 2 upgraded LQDT to Outperform from Perform and raised the target to $38 from $28 citing the acquisition of the consumer goods unit of Jacobs Trading Company. Liquidity Services, with a market cap of $840 million, is a leading online auction marketplace for wholesale, surplus and salvage assets.

ldqt_700
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
  • TrendSpotter: Buy
  • Short-Term Indicators: 100% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 100% Buy


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