Last updated on April 23, 2014 at 12:38 EDT

StockCall Pre-Market Review on News Corp., Live Nation, Starz, and IMAX

April 22, 2013

LONDON, April 22, 2013 /PRNewswire/ –

One of the major trends to emerge in the entertainment industry in recent years has
been the shift to digital. More and more entertainment companies are shifting to the
Internet and mobile for distribution of content. In fact, going forward online will be the
key growth driver for media and entertainment companies. Media and entertainment stocks
ended mostly higher on Friday, tracking gains in the broad market, which rebounded sharply
following two straight days of losses. Among the major movers were News Corp. (NASDAQ:
NWSA), Live Nation Entertainment Inc. (NYSE: LYV), Starz (NASDAQ: STRZA), and IMAX
Corporation (NYSE: IMAX). StockCall analysts initiated preliminary technical research on
NWSA, LYV, STRZA, and IMAX. These free reports are accessible by signing today at


Shares of News Corp. rose sharply on Friday. The stock rose to an intra-day high of
$31.28 before finishing the day 2.53% higher at $31.21 on above average volume of 22.11
million. Despite the gains seen in last week’s final trading session News Corp.’s shares
finished more than 1% lower last week. The stock, however, is still trading close to its
52-week high of $31.69. Year-to-date, shares of the company have jumped more than 22.60%,
compared to a gain of over 9% for the S&P 500. The stock currently faces resistance at
around $31.50. The free technical analysis on NWSA is available by signing up at


Shares of Live Nation Entertainment Inc. edged higher on Friday, touching an intra-day
high of $12.26. The stock ended the day 0.83% higher at $12.12 on volume of 1.09 million.
Shares of the company fell more than 4.30% last week as the broad market came under
pressure. Despite the losses, the stock is still up more than 30% for the year. The
company’s shares are currently trading more than 6.80% below their 52-week high. Its MACD
chart is currently giving strong bearish signals. Shares of LYV currently have support at
around $12. Register now to download the free research on LYV at


Starz’s shares rose on Friday, however, the gains were limited. The stock traded
between $21.79 and $22 before finishing the day 0.18% higher at $21.96 on volume of
887,800. Shares of STRZA have traded sideways in the last few trading sessions, struggling
to break through $22 resistance level. The stock, though, is still trading well above its
50-day and 200-day moving averages. The company’s shares have had an excellent run so far
in 2013, gaining more than 65.30%. Free report on STRZA can be accessed by registering at


Shares of IMAX Corporation fell on Friday even as the broad market rallied. The stock
fell to an intra-day low of $27.28 before finishing the day 0.58% lower at $27.33 on above
average volume of 728,700. Despite the pullback in the previous week’s final day of trade,
IMAX’s shares gained more than 1.10% in the last three sessions. The stock is currently
hovering around its 52-week high of $27.97. Shares of IMAX have outperformed the S&P 500
so far in 2013 so far, gaining more than 21.50%. The stock, however, is facing stiff
resistance at around $28. Its MACD has also crossed below the signal line, which indicates
that market sentiment has turned bearish. Register with StockCall and download the
research on IMAX for free at


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Source: PR Newswire