Recent 52-Week High Exceeded in Shares of Lions Gate Entertainment (LGF)
Lions Gate Entertainment (NYSE:LGF) traded today at a new 52-week high of $18.55. So far today approximately 148,000 shares have been exchanged, as compared to an average 30-day volume of 977,000 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.
Lions Gate Entertainment has overhead space with shares priced $18.52, or 8.4% below the average consensus analyst price target of $20.22. The stock should discover initial support at its 50-day moving average (MA) of $16.73 and subsequent support at its 200-day MA of $14.81.
In the past 52 weeks, Lions Gate Entertainment share prices have been bracketed by a low of $9.92 and a high of $18.55 and are now at $18.52, 87% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.8%.
SmarTrend recommended that subscribers consider buying shares of Lions Gate Entertainment on August 17th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.49. Since that recommendation, shares of Lions Gate Entertainment have risen 26.5%. 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