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Shares of Live Nation Rise Above Previous 52-Week High

By Nick Russo

Shares of Live Nation (NYSE:LYV) traded today at $35.16, breaking its 52-week high. Approximately 88,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

Live Nation Inc. produces, operates, and promotes live events including music concerts, theatrical shows, specialized motor sports, and other events.

Live Nation (NYSE:LYV) is currently priced 4.4% above its average consensus analyst price target of $33.50. The stock should find initial support at its 200-day moving average (MA) of $23.91 and further support at its 50-day MA of $22.08.

In the past 52 weeks, shares of Live Nation have traded between a low of $18.77 and a high of $35.16 and are now at $35.03, which is 87% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Live Nation on March 28th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.83. Since that recommendation, shares of Live Nation have risen 16.6%. We continue to monitor LYV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Live Nation

Ticker(s): LYV