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Upgrade Alert for Live Nation (LYV)

By James Quinn

Live Nation (NYSE:LYV) was upgraded from Neutral to Buy at Northcoast today. The stock closed yesterday at $21.90 on volume of 1.3 million shares, below average daily volume of 1.3 million.

Live Nation has overhead space with shares priced $21.90, or 30.1% below the average consensus analyst price target of $31.33. Live Nation shares should first meet resistance at the 50-day moving average (MA) of $21.97 and find additional resistance at the 200-day MA of $23.97.

Over the past year, Live Nation has traded in a range of $18.77 to $29.68 and closed yesterday at $21.90, 17% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.5%.

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

SmarTrend is tracking the current trend status for Live Nation and will alert subscribers who have LYV in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades Live Nation

Ticker(s): LYV