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


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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.

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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.

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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


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