[ibd-display-video id=2368044 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating of at least 80 in the early stages of their moves.
Live Nation Entertmnt broke out earlier, but has fallen back below the prior 43.95 entry from a flat base . In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to take shape. Also keep in mind that the latest consolidation is a later-stage base, and such bases are more prone to failure.
The company showed 8% earnings growth in the latest quarterly report, while sales growth came in at 12%.
Live Nation Entertmnt holds the No. 13 rank among its peers in the Leisure-Services industry group. Marriott Vacations World ( VAC ), Planet Fitness ( PLNT ) and Collectors Universe ( CLCT ) are among the top 5 highly rated stocks within the group.