StockCall Scrutinizes News Corp., Live Nation Entertainment, Starz, and IMAX

 StockCall Scrutinizes News Corp., Live Nation Entertainment, Starz, and IMAX

PR Newswire

LONDON, March 21, 2013

LONDON, March 21, 2013 /PRNewswire/ --

Markets showed across the board bullishness after three sessions of trading
lower. The Dow Jones Index touch a record intraday high, it ended its latest
session at 14,511.73, up 0.39 percent. The NASDAQ was up 0.78 percent closing
at 3,254.19. Similarly, S&P finished on a positive note at 1,558.71, up 0.67
percent. The markets responded positively to the Fed's assertion about
continuation of stimulus package. Our research team took a look at Services
sector, more precisely the DiversifiedEntertainment industry which includes
major companies like News Corp. (NASDAQ: NWSA), Live Nation Entertainment Inc.
(NYSE: LYV), Starz (NASDAQ: STRZA) and IMAX Corp. (NYSE: IMAX). StockCall
reviewed the DiversifiedEntertainment industry and chose NWSA, LYV, STRZA, and
IMAX for its technical coverage. These free reports can be seen for free at

Despite currently trading below its 20-day and 50-day moving average price,
News Corp. is in a bullish mode. It also ended its latest trading session 1.42
percent higher at $30.05, further confirming the trend. The stock exchanged
9.64 million shares during the session. It has outperformed the broader
markets and has gained 22.1 percent so far this year. However, it is likely to
go up to $30.74 in the coming sessions. Its second resistance level is at
$31.34. News Corp. commands market capitalization of $69.87 billion. The stock
is highly volatile as it sports the beta of 1.50. Download the free research
on NWSA by signing up now at

Live Nation Entertainment Inc. closed Wednesday' trading session with a mild
downward movement, accompanied with below average volume. The stock ended at
$11.81, down 0.92 percent from its previous close. It traded in the range of
$11.79 and $12.05 during the session. The stock is highly volatile as it
commands beta of 1.94. The company's current market capitalization stands at
$2.25 billion. It has increased 31.51 percent on a YTD basis while its 52
weeks gain stands at 26.45 percent. Register for today's free analysis on LYV

Starz is trading below its long-term moving average price of $21.14. It closed
its latest trading session on Wednesday at $21.12, up 3.78 percent. The stock
made an upward movement with an average volume of 2.21 million shares. Starz
trades at Price/Earnings ratio of 1.47, making it an inexpensive stock to own.
The stock is currently in the overbought territory as its Relative Strength
Index stands at 73.92. Consequently, the company may see some pullback in its
price in the coming sessions. However, in the medium-term, it is expected to
maintain its bullish stance. Free report on STRZA can be accessed by
registering at

IMAX Corporation is currently trading slightly below its 50-day moving average
price of $26.71 It closed its latest session at $26.69, up 1.25 percent with
volume of 423,191 shares. Its regular daily volume stands at 911,383 shares.
The stock is currently in a bullish mode and may touch $26.95 level in the
coming days. Upon breaching this level, the stock's next resistance price is
at $27.08. The stock is highly volatile with its beta at 1.98. So far in 2013,
the stock appreciated 22.66 percent. Its 52 weeks gain stands at 3.21 percent.
The stock has traded in the range of $18.29 and $26.86 during the same time
period. Register with StockCall and download the research on IMAX for free at 

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