Lionbridge Continues to Outperform
Lionbridge Technologies Inc. (LIOX), a provider of language, development and testing services for technology applications and web content, was initiated with a Buy Rating and $5.00 per share price target by Wunderlich. At a significant 67% premium to the current market price, the analyst’s price target reflects a very bullish stance on the company’s future outlook.
Last quarter, the company blew past analyst estimates with 7 cents per share of earnings on revenues of $113.2 million.
Equities research analysts at Wunderlich initiated coverage on shares of Lionbridge Technolog (NASDAQ: LIOX) in a research note to investors on Wednesday. The analysts set a "buy" rating and a $5.00 price target on the stock.
TECHNICAL ANALYSIS
3 simustaneous buy signals
>> RSI close to oversold
>> Positive divergence in RSI (statistically a powerful sign of future uptrend)
>> Upside DOJI
conforted by solid fundamentals
Trading PLAN
Buy zone : 2.61 to 2.7
Target: 3.2 to 3.3
