The Madison Square Garden shows a strong performance for several trading sessions.

The fundamental qualities of the group are clearly attractive as evidenced by the upward revisions of earnings per share. The profitability of the company's business remains good. The high levels of valuation show the interest of investors for this security.

Technically, prices continue to increase sharply for several month. Indicators are green in the mid and long term. The security is now moving toward the resistance located at USD 57.6. The 20 and 50-day moving averages should help the stock to breakout the USD 57.6 resistance. This crossing would provide a strong buy signal.

Exceeding the technical line at USD 57.6 would point to ambitious upward targets. In this case, market participants could buy this stock with an initial target of USD 62. If investors reduce long-side exposure for profit-taking, a bearish trend would happen below USD 55.3 short term support and so this strategy would be invalidated.