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Look for Shares of Live Nation Ente to Potentially Pullback after Yesterday's 2.32% Rise

By Amy Schwartz

Live Nation Ente (NYSE:LYV) traded in a range yesterday that spanned from a low of $72.45 to a high of $74.23. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $72.87 on volume of 255,000 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, shares of Live Nation Ente have traded between a low of $52.10 and a high of $74.02 and are now at $73.45, which is 41% above that low price. The 200-day and 50-day moving averages have moved 0.20% higher and 0.13% higher over the past week, respectively.

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

Keywords: rebounders live nation ente

Ticker(s): LYV