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 $22.99. So far today approximately 132,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.
Lions Gate Entertainment (NYSE:LGF) is currently priced 0.8% above its average consensus analyst price target of $22.50. The stock should find initial support at its 50-day moving average (MA) of $19.27 and further support at its 200-day MA of $15.96.
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 share prices have moved between a 52-week high of $22.99 and a 52-week low of $11.26 and are now trading 102% above that low price at $22.69 per share. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 2.1%.
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 53.8%. 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