TheMarketSource

LGF Breaking Out

Long
BATS:LGF   None
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1
See notes in chart. Tweeted about this August 29. Overall the pattern is moving as expected. Any pullback to the "Green" support line would be a nice entry - ensure it holds before stepping in.

Comments

Flagging out of the the triangle, and nice support around 15. Break above 16 with strength in RSI would help get this one legs. Still holding target for about $20. Convincing break below 15 will take it below 50 MA and likely halt any advance.
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I can't really make out the notes on the chart.
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Followed.
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Agreed.
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Followed.
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Shareholder meetings carry minimal weight in regards to stock pricing. Earnings and guidance have the most impact, and they already reported - next report in November. This stock is likely to more reactive to macro news than a shareholder meeting.
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Watch out for Annual Meeting of Shareholders in September 11
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