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.
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.