iHeartMedia NASDAQ:IHRT has been beat down, but I anticipate it may be on a path toward profitability during this US election cycle. This ad revenue may lead to the beginning of a nice move upward from the $1 range (a personal buy zone), but nothing is certain. Target #1 - $2.25 Target #2 - $4.00
NASDAQ:IHRT Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong 100%,
IHRT has support levels around $13.80 and resistance at $15.08. IHRT's earnings is in 9 days with an expected EPS of 0.28, if IHRT can exceed expectations, it will breakthrough it's resistance level.