The Breakout for Today: Liquidity Services (LQDT)

Hello my Investors, Traders and Reader Friends. The market reacted favorably to the approval of the Congress of Greece, a set of austerity measures. These would allow this country to obtain new sources of assistance from the European Community. While this news generated a significant increase on Wall Street, it is worth mentioning that this growth was not entirely convincing. Not only because the volume was lower than the previous days. The dynamics during the day did not have the necessary conviction. The closing price of the Principles indices was very similar to the opening price.In addition, volatility was also very low. We have to wait a few more days to know the way to take the market. Nor was there a large number of stocks that make significant breaks or reach new highs.One such case was Liquidity Services (LQDT). Yesterday, the stock closed at U.S. $ 42.49, up 5.70% on the day before. Its volume was 1.37 Millions of shares, three times more than what is traded daily. As shown in the following chart, LQDT has produced a solidsupport line. This would allow him to continue on your way up.