Recent 52-Week High Exceeded in Shares of Lions Gate Entertainment (LGF)
Lions Gate Entertainment (NYSE:LGF) traded at a new 52-week high today of $39.96. Approximately 175,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.
In the past 52 weeks, Lions Gate Entertainment share prices have been bracketed by a low of $27.51 and a high of $39.96 and are now at $39.94, 45% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.
There is potential upside of 1.3% for shares of Lions Gate Entertainment based on a current price of $39.94 and an average consensus analyst price target of $40.46. The stock should find initial support at its 50-day moving average (MA) of $37.76 and further support at its 200-day MA of $33.87.
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.
SmarTrend is monitoring the recent change of momentum in Lions Gate Entertainment. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Lions Gate Entertainment in search of a potential trend change.
Keywords: 52 week high/lows Lions Gate Entertainment