“Lion’s Gate Entertainment Corp. (LGF) is a mid-cap stock we find interesting at this time. This smaller, yet well known and successful, movie and television studio concern is ranked fifth with a total Magnet Score of 793. LGF continues to grow rapidly and make money. They have several pictures coming out soon, including the second installment of the ‘Hunger Games’ movie trilogy early next year.
“However, as the stock has been backing and filling lately we’d prefer to buy it on an upside breakout above the 50-day moving average to 16 on good volume or pullback to support at 14.60. We will add it to the portfolio at 16 or at a Buy Limit of 14.60.”
Jeffrey A. Hirsch, Stock Trader’s Almanac, December 13, 2012
