Lions Gate Entertainment: 52-Week High Recently Eclipsed (LGF)
Lions Gate Entertainment (NYSE:LGF) traded at a new 52-week high today of $21.60. Approximately 754,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.
Lions Gate Entertainment Corp. develops, produces, and distributes filmed entertainment content. The Company's divisions produce motion pictures, television programming, animation, and digital media. Lions Gate distributes its films and other media in the United States, Canada, and internationally.
In the past 52 weeks, Lions Gate Entertainment share prices have been bracketed by a low of $11.26 and a high of $21.60 and are now at $21.46, 91% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 2.4%.
There is potential upside of 4.9% for shares of Lions Gate Entertainment based on a current price of $21.46 and an average consensus analyst price target of $22.50. The stock should discover initial support at its 50-day moving average (MA) of $18.26 and subsequent support at its 200-day MA of $15.56.
SmarTrend recommended that subscribers consider buying shares of Lions Gate Entertainment on August 17th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.49. Since that recommendation, shares of Lions Gate Entertainment have risen 44.8%. We continue to monitor LGF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows Lions Gate Entertainment