Lions Gate Entertainment Corp. (LGF) - Overbought - views

Lions Gate Entertainment Corp. has hit a technical signal on 3 different technical indicators. LGF is in the Consumer Services sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $10.96 on 1/26. The stock is up over 31.7% so far in 2012 and up 68% since the beginning of 2011.

There are currently 9 analysts covering the company. Of these analysts, 5 have a buy recommendation. The consensus estimate for next years earnings is $0.51 per share.

Over the last 52 weeks, the stock has been trading between $5.69 and $11.28. More recently in the last 4 weeks, the stock has been trading between $8.00 and $11.28. Yesterday the stock traded between $10.76 and $11.28. The stock currently has a PE ratio of 41.4.

Lions Gate Entertainment Corp. is trading 22.3% from its 20-day simple moving average (SMA) of $8.96 and 26.7% from its 50-day SMA and 49.98% from its 200-day SMA. Average daily volume over the last 30 days has been 827,261 shares.

At yesterdays close: the RSI was at 83.4, the CCI was at 231.7 and the Fast Stochastic was at 89.5. LGF closed yesterday at $10.96, on volume of 1,185,100 shares as compared to an average volume of 827,261 over the last 4 weeks.

Lions Gate Entertainment Corp., an entertainment company, engages in the motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, new channel platforms, and digital distribution activities. The company operates through two segments, Motion Pictures and Television Production. The Motion Pictures segment engages in the development and production of feature films; acquisition of North American and worldwide distribution rights; North American theatrical, home entertainment, and television distribution of feature films produced and acquired; and worldwide licensing of distribution rights to feature films produced and acquired. The Television Production segment involves in the development, production, and worldwide distribution of television productions, including television series, television movies and mini-series, and non-fiction programming. The company distributes a library of approximately 13,000 motion picture titles, television episodes, and programs directly to retailers, rental kiosks, and pay and free television channels through various digital media platforms in the United States, Canada, the United Kingdom, and Ireland, as well as indirectly to other international markets through its subsidiaries and various third parties. Lions Gate Entertainment Corp. was founded in 1986 and is headquartered in Santa Monica, California.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

To learn more about technical analysis, please refer to our technical analysis primer.