Live Nation Stock Sees RS Rating Rise To 76 Moves Into A Buy Zone

On Tuesday, Live Nation (LYV) got a positive adjustment to its Relative Strength (RS) Rating, from 67 to 76. Live Nation Stock is in a buying range after breaking past an 87.88 buy point in a cup with handle.

Once a stock moves 5% or higher beyond the initial entry, it’s considered out of a proper buy zone.

As vaccination rates rise and entertainment and sporting venues reopen, Live Nation is expected see its performance improve. The company promotes, operates, and manages ticket sales at venues around the world.

As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock’s price action over the trailing 52 weeks stacks up against all the other stocks in our database.

History reveals that the best-performing stocks often have an RS Rating north of 80 as they begin their biggest price moves. See if Live Nation stock can continue to rebound and hit that benchmark.

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Live Nation Stock Rises On Earnings And Revenue

Taking a look at revenue and profit performance, Live Nation has posted four quarters of increasing earnings growth. Sales growth has also increased over the same time frame.

Live Nation stock holds the No. 11 rank among its peers in the Leisure-Services industry group. WarnerM (WMG) and Endeavor Group (EDR) are also among the group’s highest-rated stocks.


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