LYV Long. Covid news related positive sectors breakout

NYSE:LYV   Live Nation Entertainment, Inc
Live Nation Entertainment

Live Nation Entertainment , Inc. is an entertainment company, which engages in producing, marketing and selling live concerts for artists via global concert pipe. It operates through the following segments: Concerts, Sponsorship & Advertising and Ticketing. The Concerts segment involves in the promotion of live music events in owned or operated and in rented third-party venues. The Sponsorship and Advertising segment offers sales force that creates and maintains relationships with sponsors through a combination of international, national, and local opportunities that allow businesses to reach customers through concerts, venue, festivals and ticketing assets, including advertising on websites. The Ticketing segment includes selling of tickets for events on behalf of clients and retains a fee, or service charge for these services. The company was founded in 1996 and is headquartered in Beverly Hills, CA.

Average Analyst Price Target : $101 : Moderate Buy
Hedge Fund Trend: ▼ Hedge Funds Decreased Holdings by 6.2M Shares Last Quarter
News Sentiment : Neutral
Technicals : Positive

With the news of the pills from Merck showing signs of low hospitalization cases and deaths in the trials, most of the sectors/stocks that were beaten down with economy slowdown/closures like casinos. gamings, airlines and cruise liners saw a surge of investor interest. Most stocks in these sectors tested and broke through important resistance zones. With sector rotation that seems to happening in the broader indices, these sectors may well see a rally for sometime and news related moves are expected.

Overall price action on both Daily and Weekly candles looks great and back with the bulls. I would like to buy the dips and long stock as long as price remains outside the band on Daily candle close basis.

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