Today I would like to talk about a company I never looked before. Lions Gate Entertainment Corporation.
I am a big fan of indicators. As a student I spend a whole year to look into a correlations between figures of a balance sheet and the performance of a stock. The results were not good. I think a stock is simply trendy or not. We can see it by companies like Apple or Google. Lions Gate Entertainment Corporation is certainly not something like Apple. But the indicators are looking good. The MACD is crossing the signal line under the 0-line, DI+ is crossing DI- to the north, PVI is increasing, volume is increasing, RSI shows the stock is not overpriced. Only ADX is getting weak but still around 37. The stock is looking good and ready to increase by another dollar. $ 15 should be possible.
As always: just my 5 cents
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