It Seems Lions Gate Entertainment Corp. (LGF-A) Will Go Down. Formed A Few Months Double Bottom Chart Pattern

September 14, 2018 - By Tina Thibodeau

The chart of Lions Gate Entertainment Corp. (LGF-A) shows a double bottom with $22.28 target or 5.00 % below today’s $23.45 share price. The 7 months chart pattern indicates high risk for the $4.88 billion company. It was reported on Sep, 14 by Finviz.com. If the $22.28 price target is reached, the company will be worth $244.10M less. Double bottoms are rare but powerful chart patterns.

The stock decreased 1.14% or $0.27 during the last trading session, reaching $23.45. About 19,924 shares traded. Lions Gate Entertainment Corp. (NYSE:LGF.A) has declined 22.26% since September 14, 2017 and is downtrending. It has underperformed by 37.88% the S&P500.

More recent Lions Gate Entertainment Corp. (NYSE:LGF.A) news were published by: Nasdaq.com which released: “Here’s the Perfect Spot to Buy Comcast Stock — And 3 Reasons to Do So” on September 08, 2018. Also Prnewswire.com published the news titled: “Global Entertainment Market Expands With Robust International Growth” on September 12, 2018. Seekingalpha.com‘s news article titled: “Lions Gate: Undervalued Content Leader” with publication date: August 20, 2018 was also an interesting one.

Lions Gate Entertainment Corp. engages in motion picture production and distribution, television programming and syndication, home entertainment, interactive ventures and games, and location entertainment in Canada, the United States, and internationally. The company has market cap of $4.88 billion. The firm operates through three divisions: Motion Pictures, Television Production, and Media Networks. It has a 17.59 P/E ratio. The Motion Pictures segment is involved 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.

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