Hello? Is Anybody Out There?
Dragonfly Capital | Feb 28, 2013 02:06AM ET
Everyone has seen the commercial where the dry cleaner receptionist was replaced with a blender. You might not stand for the young guy's attitude, but until recently that is what you had in the tech help space. One company is changing that. LivePerson, (LPSN), provides tech support from a remote live person. I have used them and found it to work really well. But being a technical trader the reason for talking about it now is that the chart is looking very bullish. The stock took a dive in November and has been slowly recovering. Until the breakout Wednesday.
Notice the breakout over the falling trend line resistance and over the 100 day Simple Moving Average. The Move higher closed the gap down from November before a slight pullback. This could be resistance and trigger a pullback, but the Relative Strength Index (RSI) is rising in bullish territory and making a new high with a Moving Average Convergence Divergence indicator (MACD) that is rising on the signal line and positive on the histogram. Translation: Bullish. Add in the support from the rounding and rising 50 day SMA and Bollinger bands that are opening higher and the picture is complete.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Original post
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