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LivePerson, Inc. (LPSN) is one of the few SaaS companies that has performed well during the summer months. The company’s stock price has risen from under $27 to over $40 and is now resting at around $37. This price appreciation has occurred at a time when most SaaS stocks have collapsed, many losing 20% to 50% in price or more.
LivePerson’s chart shows that its stock has entered a period of consolidation during the month of September. In technical analysis lingo, a bull run followed by a period of consolidation may be considered