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Live Nation Crosses Above its 10-day MA (LYV)

By Shiri Gupta

Today, shares of Live Nation (NYSE:LYV) have crossed bullishly above their 10-day moving average of $26.55 on a volume of 282K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Live Nation share prices have moved between a 52-week high of $29.68 and a 52-week low of $18.77 and are now trading 44% above that low price at $27.02 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.4%.

SmarTrend recommended that subscribers consider buying shares of Live Nation on July 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.70. Since that recommendation, shares of Live Nation have risen 7.0%. We continue to monitor LYV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Live Nation

Ticker(s): LYV