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Live Nation Ente: 52-Week High Recently Eclipsed (LYV)

By Shiri Gupta

Live Nation Ente (NYSE:LYV) traded today at a new 52-week high of $71.76. This new high was reached on below average trading volume as 329,000 shares traded hands, while the average 30-day volume is approximately 1 million shares.

Live Nation Ente share prices have moved between a 52-week high of $71.76 and a 52-week low of $46.02 and are now trading 56% above that low price at $71.76 per share. The 200-day and 50-day moving averages have moved 0.42% higher and 0.56% higher over the past week, respectively.

Live Nation Ente (NYSE:LYV) is currently priced 31.0% above its average consensus analyst price target of $49.50. Live Nation Ente shares have support at the 50-day moving average (MA) of $65.87 and additional support at the 200-day MA of $59.02.

Live Nation Entertainment, Inc. produces live concerts and sells tickets to those events over the Internet. The Company also offers ticketing services for leading arenas, stadiums, professional sports franchises and leagues, college sports teams, performing arts venues, museums and theaters.

SmarTrend recommended that subscribers consider buying shares of Live Nation Ente on June 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $64.84. Since that recommendation, shares of Live Nation Ente have risen 9.3%. We continue to monitor LYV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows live nation ente

Ticker(s): LYV