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Live Nation Ente Crosses Below its 10-day MA (LYV)

By Shiri Gupta

Live Nation Ente (NYSE:LYV) crossed under its 10-day moving average of $52.50 on a volume of 747K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Live Nation Ente share prices have moved between a 52-week high of $55.26 and a 52-week low of $35.94 and are now trading 43% above that low price at $51.30 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

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 16.8%. 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 ente

Ticker(s): LYV