Harry Potter and the Deathly Hallows, Part 2 Breaks Box Offi

Financial News Network
July 19, 2011 AT 12:37 AM
Warner Brothers' (NYSE:TWX) "Harry Potter and the Deathly Hallows, Part 2" broke numerous box office records this past weekend, including the biggest U.S. opening weekend with $168.55M grosses, biggest international weekend with $307M in grosses, and IMAX (NASDAQ:IMAX) records of $15.5M domestically and $23.5M globally. Time Warner has a potential upside of 17.8% based on a current price of $35.1 and an average consensus analyst price target of $41.35.Time Warner is currently above its 200-day moving average (MA) of $34.17 and should find resistance at its 50-day MA of $35.74. In the last five trading sessions, the 50-day MA has fallen 0.48% while the 200-day MA has risen 0.35%.