StockCall Scrutinizes News Corp., Live Nation Entertainment, Starz, and IMAX
LONDON, March 21, 2013 /PRNewswire/ --
Markets showed across the board bullishness after three sessions of trading lower. The Dow Jones Index touch a record intraday high, it ended its latest session at 14,511.73, up 0.39 percent. The NASDAQ was up 0.78 percent closing at 3,254.19. Similarly, S&P finished on a positive note at 1,558.71, up 0.67 percent. The markets responded positively to the Fed's assertion about continuation of stimulus package. Our research team took a look at Services sector, more precisely the DiversifiedEntertainment industry which includes major companies like News Corp. (NASDAQ: NWSA), Live Nation Entertainment Inc. (NYSE: LYV), Starz (NASDAQ: STRZA) and IMAX Corp. (NYSE: IMAX). StockCall reviewed the DiversifiedEntertainment industry and chose NWSA, LYV, STRZA, and IMAX for its technical coverage. These free reports can be seen for free at
http://www.stockcall.com/signup
Despite currently trading below its 20-day and 50-day moving average price, News Corp. is in a bullish mode. It also ended its latest trading session 1.42 percent higher at $30.05, further confirming the trend. The stock exchanged 9.64 million shares during the session. It has outperformed the broader markets and has gained 22.1 percent so far this year. However, it is likely to go up to $30.74 in the coming sessions. Its second resistance level is at $31.34. News Corp. commands market capitalization of $69.87 billion. The stock is highly volatile as it sports the beta of 1.50. Download the free research on NWSA by signing up now at
http://www.StockCall.com/NWSA032113.pdf
Live Nation Entertainment Inc. closed Wednesday' trading session with a mild downward movement, accompanied with below average volume. The stock ended at $11.81, down 0.92 percent from its previous close. It traded in the range of $11.79 and $12.05 during the session. The stock is highly volatile as it commands beta of 1.94. The company's current market capitalization stands at $2.25 billion. It has increased 31.51 percent on a YTD basis while its 52 weeks gain stands at 26.45 percent. Register for today's free analysis on LYV at
http://www.StockCall.com/LYV032113.pdf
Starz is trading below its long-term moving average price of $21.14. It closed its latest trading session on Wednesday at $21.12, up 3.78 percent. The stock made an upward movement with an average volume of 2.21 million shares. Starz trades at Price/Earnings ratio of 1.47, making it an inexpensive stock to own. The stock is currently in the overbought territory as its Relative Strength Index stands at 73.92. Consequently, the company may see some pullback in its price in the coming sessions. However, in the medium-term, it is expected to maintain its bullish stance. Free report on STRZA can be accessed by registering at
http://www.StockCall.com/STRZA032113.pdf
IMAX Corporation is currently trading slightly below its 50-day moving average price of $26.71 It closed its latest session at $26.69, up 1.25 percent with volume of 423,191 shares. Its regular daily volume stands at 911,383 shares. The stock is currently in a bullish mode and may touch $26.95 level in the coming days. Upon breaching this level, the stock's next resistance price is at $27.08. The stock is highly volatile with its beta at 1.98. So far in 2013, the stock appreciated 22.66 percent. Its 52 weeks gain stands at 3.21 percent. The stock has traded in the range of $18.29 and $26.86 during the same time period. Register with StockCall and download the research on IMAX for free at
http://www.StockCall.com/IMAX032113.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