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Look for Shares of Live Nation Ente to Potentially Pullback after Yesterday's 1.02% Rise

By Shiri Gupta

Live Nation Ente (NYSE:LYV) traded in a range yesterday that spanned from a low of $62.80 to a high of $64.28. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $63.76 on volume of 848,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Live Nation Ente share prices have been bracketed by a low of $35.94 and a high of $63.98 and are now at $63.69, 77% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 2.1%.

SmarTrend recommended that subscribers consider buying shares of Live Nation Ente on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.81. Since that recommendation, shares of Live Nation Ente have risen 22.7%. We continue to monitor LYV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders live nation ente

Ticker(s): LYV