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Recent 52-Week High Exceeded in Shares of Lions Gate Entertainment (LGF)

By Amy Schwartz

Shares of Lions Gate Entertainment (NYSE:LGF) traded at a new 52-week high today of $39.08. So far today approximately 1.1 million shares have been exchanged, as compared to an average 30-day volume of 1.1 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 $27.55 and a high of $39.08 and are now at $38.65, 40% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.3%.

Lions Gate Entertainment (NYSE:LGF) is currently priced 0.9% above its average consensus analyst price target of $38.31. Lions Gate Entertainment shares have support at the 50-day moving average (MA) of $35.65 and additional support at the 200-day MA of $32.86.

SmarTrend recommended that subscribers consider buying shares of Lions Gate Entertainment on May 26th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.28. Since that recommendation, shares of Lions Gate Entertainment have risen 15.6%. 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

Ticker(s): LGF