Live Nation Entertainment
Live Nation Entertainment (LYV - Get Report) operates as a live entertainment company. It promotes the live music events in its owned and/or operated venues, and in rented third-party venues. This stock is trading up 11% at $9.24 in recent trading.
Today's Range: $8.65-$9.2552-Week Range: $7.14-$12.44 Volume: 2.15 million Three-Month Average Volume: 1 million Shares of LYV are soaring today after the company said its first quarter loss widened as a tax benefit lifted it's year-ago results. However, revenues rose from the year-ago period. >>5 Earnings Stocks Poised to Pop From a technical perspective, LYV is gapping up big-time today on heavy volume back above both its 50-day and 200-day moving averages. This move is quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit once LYV takes out some near-term overhead resistance at $9.20 with high-volume. Traders should now look for long-biased trades if LYV sustains a move or close over $9.20 with volume that's near or above 1,009,320 shares. If we get that move today or soon, look for LYV to make a run at $10 to $11 in the near future. Keep in mind that it's important for LYV to maintain a trend above both moving averages, and its key breakout level $9.20 in order for the stock to tag those upside targets.
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