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

By Nick Russo

Live Nation Ente (NYSE:LYV) traded today at a new 52-week high of $53.85. This new high was reached on below average trading volume as 184,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.

Based on a current price of $53.43, Live Nation Ente is currently 7.4% above its average consensus analyst price target of $49.50. The stock should discover initial support at its 50-day moving average (MA) of $49.95 and subsequent support at its 200-day MA of $45.18.

Live Nation Ente share prices have moved between a 52-week high of $53.85 and a 52-week low of $35.94 and are now trading 49% above that low price at $53.43 per share. The 200-day and 50-day moving averages have moved 0.23% higher and 0.33% higher over the past week, respectively.

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 May 4th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.15. Since that recommendation, shares of Live Nation Ente have risen 17.0%. 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