The equity tends to move higher when short interest is on the rise
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Shares of entertainment conglomerate Live Nation Entertainment (NYSE:LYV) just broke out from a downtrend on the charts, moving above the $88-$90 level that has acted as resistance since August. What’s more, after this breakout, the shares moved above the +20% year-to-date mark where they found support for two days last week. Now that a confluence of moving averages are moving higher to support price action, it looks like the ideal time to bet on LYV with calls.
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