Lions Gate Entertainment Shows Rising Relative Strength; Still Shy Of Key Benchmark

Shutterstock photo

Lions Gate Entertainment (LGFB) saw a positive improvement to its Relative Strength ( RS ) Rating on Friday, with an increase from 66 to 72.

[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's unique RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.

Over 100 years of market history shows that the best-performing stocks typically have an 80 or better RS Rating in the early stages of their moves. See if Lions Gate Entertainment can continue to rebound and clear that threshold.

Looking For The Best Stocks To Buy And Watch? Start Here

Lions Gate Entertainment is trying to complete a flat base with a 33.20 buy point . See if the stock can clear the breakout price in volume at least 40% above average.

Earnings growth rose in the company's latest report from 308% to 2,800%, but the top line fell from 82% to 47%. The company is expected to report its latest performance numbers on or around Feb. 8.

The company earns the No. 3 rank among its peers in the Leisure-Movies & Related industry group. Netflix ( NFLX ) is the No. 1-ranked stock within the group.


IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: RS , NFLX

More from Investor's Business Daily


Investor's Business Daily

Investor's Business Daily


Research Brokers before you trade

Want to trade FX?