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DreamWorks Animation (DWA) Meets Our $26.50 Upside Target

Posted on: Wednesday, May 21st, 2014

John Kosar appeared on Yahoo! Finance / CNBC’s Talking Numbers on Wednesday April 30th to discuss DreamWorks Animations (DWA).

Shares of the media giant had just dropped nearly 9%, making it the company’s second worst day since its 2004 IPO, after it missed first-quarter earnings and revenue estimates.

But despite the sell-off, John Kosar of Asbury Research saw a buying opportunity.

“We’re into some really nice support right around $23 dollars per share,” Kosar said. “I think this is a place to look for value and opportunity. I would wait to see if we hold in here the next couple of days. If we do, I think we could bounce back to at least $26.50 per share.

The chart below shows that the stock stopped on a dime at $23.00 per share twice, on the day of John’s appearance on April 30th and again on May 8th before rising to as high as $26.57 per share yesterday, May 20th, meeting John’s $26.50 target for a 15% gain in 3 weeks.

DreamWorks Animation (DWA) Daily Since 2014

DreamWorks Animation (DWA) Daily Since 2014

You can view the video from John’s April 30th appearance below.

Interested investors can request further information, including research samples and services and pricing details, by emailing or by phoning 1-888-960-0005.

DreamWorks Animation (DWA) Meets Our $26.50 Upside Target:

Appeared on:
May 21st, 2014 at 10:28 am