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Cinemark (CNK) operates in the motion picture exhibition industry, with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama and Guatemala. The Company also managed additional theatres in the United States, Brazil and Colombia during the year ended December 31, 2011. As of December 31, 2011, Cinemark managed its business under two segments: U.S. markets and international markets. As of December 31, 2011, it operated 456 theatres and 5,152 screens in the United States and Latin America. During 2011, the Company in the United States had 297 theatres and 3,878 screens in 39 states. During 2011, the Company in Latin America had 159 theatres and 1,274 screens in 13 countries. Shares are heading higher in a bullish "cup & handle" and are expected to move higher in this formation. The stock has a 52-week trading range of $17.10 - $24.45. Shares last traded at $23.35. Should you decide to take a position, wait for the morning volatility to wear off and use a stop-loss of $22.18 (five percentage points below your purchase price.) Be sure to use a limit order and not a market order. Keep in mind that our price target is 10% higher than your purchase price.
