Lions Gate, which has been making headlines recently for its Hunger Games movie, is due to report its fiscal fourth-quarter results on Wednesday. The consensus is calling for the entertainment company to post earnings of 26 cents a share on revenue of $618.81 million.
From a technical perspective, Chojnacki is paying attention to the 1280 level for the S&P 500. That's right around the index's 200-day moving average. He puts the top of the index's range at around 1340-1350 and expects stocks could be stuck somewhere in between for a while.
"I could see us in that range for months," Chojnacki said.
-- Written by Alexandra Zendrian in New York.
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