Lionbridge Technologies, Inc. (NASDAQ:LIOX) Extends the Equity Incentive Plan

[[tagnumber 0]] [[tagnumber 1]] [[tagnumber 2]]Shares of Lionbridge Technologies, Inc. (NASDAQ:LIOX) spiked out of the trading channel yesterday whereby the trading volumes started to grow already on Friday. A press release came out yesterday to attract the attention of investors while in May the company filed its first quarter report and an extension of its stock incentive plan for employees.[[tagnumber 1]] [[tagnumber 2]][[tagnumber 5]][[tagnumber 1]] [[tagnumber 2]]LIOX surged 6.90% on Monday, closing the session at $6.20 for a share. The trading volume for the day was four times the average and the share price hit a new six month high during the session. Technically, despite the high trading activity LIOX may not be able to jump higher. RSI could break into the overbought area today but other technical indicators do not look that bullish.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 2]]On Monday, LIOX issued a press release to announce a new partnership with Rocket Sound LLC. According to the PR, both companies would provide global translation and voiceover services for various game titles. No particular benefits or numbers have been mentioned in the announcement, thus the stock price could easily fall back down later this week as investors evaluate the actual upside potential of the stock.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 14]][[tagnumber 1]] [[tagnumber 2]]In May, LIOX filed a registration statement for 3,500,000 new shares of its common stock. That filing relates to the company‘s existing 2011 Incentive Stock Plan and increases the number of shares available for issuance to employees. For shareholders, that means potential dilution that should be considered when valuing the shares of LIOX.[[tagnumber 1]] [[tagnumber 0]] [[tagnumber 1]]