Lions Gate

On the March 21st Lions Gate (LGF) reached up past the $15 dollar level. This recent run-up was due to the excitement surrounding the release of the highly anticipated movie the Hunger Games. Well, the movie is out and the selling has started. Looks like and opportunity for a short-term short, sell on the news, in this case the release of the movie. Technically it looks like a Doji star has been put in place, the run could move down to the $13.50 level of short-term resistance, if that is broken.....back to $8.50 is possible. The book was entertaining and an easy read, I recommend it.