DreamWorks Animation, Regal Entertainment, Lions Gate Entertainment, and Cinemark Under StockCall's Microscope
LONDON, April 22, 2013 /PRNewswire/ --
According to the Motion Picture Association of America, worldwide box office for all films released in each country around the world reached $34.7 billion in 2012, up 6% over 2011's total. The increase was driven by Asia/Pacific region. Despite significant box office growth in 2012, online piracy remains a major concern for movie production and theater companies such as DreamWorks Animation SKG Inc. (NASDAQ: DWA), Regal Entertainment Group (NYSE: RGC), Lions Gate Entertainment Corp. (NYSE: LGF), and Cinemark Holdings Inc. (NYSE: CNK). Shares of all four companies edged higher on Friday, tracking gains in the broad market. StockCall has released full comprehensive research on DWA, RGC, LGF, and CNK and these free technical analyses can be downloaded by signing up at
http://www.stockcall.com/technicalanalysis
Shares of DreamWorks Animation SKG rallied in trading on Friday. The stock closed 2.86% higher at $19.61 on volume of 650,950. Despite the rally in the last day of trading for previous week, the company's shares fell more than 0.40% last week. Shares of DWA are currently trading above their 50-day and 200-day moving averages, which is a bullish signal. The stock currently faces stiff resistance at around $20. DWA's shares have outperformed the broad market so far in 2013, gaining more than 18.30%. The stock is currently trading 14.64% below its 52-week high. Register today and access the free research on DWA at
http://www.StockCall.com/DWA042213.pdf
Regal Entertainment Group's shares edged higher on Friday. The stock touched an intra-day high of $17.36 before finishing the day 1.24% higher at $17.19 on volume of 630,726. Shares of the company are currently trading close to their 52-week high of $17.68. Year-to-date, the stock has gained nearly 25%. Regal Entertainment's shares are currently facing resistance at around $17.50. The stock has seen a series of highs since the start of this year. However, the stock's MACD has just crossed below the signal line, which suggests that market sentiment has turned bearish. The free report on RGC can be downloaded by signing up now at
http://www.StockCall.com/RGC042213.pdf
Lions Gate Entertainment Corp.'s shares rose sharply in Friday's trading session. The stock touched an intra-day high of $23.73 before finishing the day 4.76% higher at $23.57 on above average volume of 1.87 million. Shares of LGF are currently trading 2.40% below their 52-week high. The stock has outperformed the S&P 500 so far in 2013, gaining more than 43.70%. The company's shares, however, are struggling to break through $24 resistance level. The stock is currently trading above its 50-day and 200-day moving averages. Free report on LGF can be accessed by registering at
http://www.StockCall.com/LGF042213.pdf
Shares of Cinemark Holdings Inc. gained on Friday. The stock touched an intra-day high of $29.22 before finishing the day 1.08% higher at $29.10 on volume of 326,963. Shares of the company are currently trading close to their 52-week high of $29.76. The stock has gained nearly 12.90% in 2013 so far, compared to a gain of over 9% for the S&P 500. Cinemark Holdings' shares have been facing stiff resistance at $29.50. The stock currently has strong support at $28.50. Its MACD chart suggests that market sentiment is currently bearish. Register with StockCall and download the research on CNK for free at
http://www.StockCall.com/CNK042213.pdf
About StockCall.com
StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at
SOURCE StockCall.com
Share this article