Madison Square Garden Entertainment | MSGE | Long at $36.00
Madison Square Garden Entertainment 
MSGE appears to be forming a slow, but steady, upward channel. With a 9.7 P/E, 40M float, low debt, and high institutional ownership, it's an interesting value play. From a technical analysis standpoint, the large looming gaps above the current price area screaming to be closed. There is one lower price gap between $29.05 and $29.06 ($0.01) that may get closed before a stronger move up - something to keep an eye on if the price drops below $35 in the near-term. MSGE is a strong name that I think will eventually follow the path of MSGS from a price perspective. However, headwinds such as the potential for a slowing economy, rising ticket prices, etc are something to consider. At $36.00, MSGE is in a personal buy zone.
Target #1 = $42.00
Target #2 = $50.00
Target #3 = $60.00
Target #4 = $68.00
MSGE appears to be forming a slow, but steady, upward channel. With a 9.7 P/E, 40M float, low debt, and high institutional ownership, it's an interesting value play. From a technical analysis standpoint, the large looming gaps above the current price area screaming to be closed. There is one lower price gap between $29.05 and $29.06 ($0.01) that may get closed before a stronger move up - something to keep an eye on if the price drops below $35 in the near-term. MSGE is a strong name that I think will eventually follow the path of MSGS from a price perspective. However, headwinds such as the potential for a slowing economy, rising ticket prices, etc are something to consider. At $36.00, MSGE is in a personal buy zone.Target #1 = $42.00
Target #2 = $50.00
Target #3 = $60.00
Target #4 = $68.00
Trade fermée: ordre d’arrêt atteint
Closed out of trade after stop-at-entry hit at $36.00. More chart data is needed to chart historical simple moving averages and better understand the stock's moves. The gap in the $28 range is a bit worrisome, so exited trade. 
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.