Nexstar Media Getting Closer To Key Technical Benchmark

On Tuesday, Nexstar Media (NXST) got a positive adjustment to its Relative Strength (RS) Rating, from 67 to 74.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price movement over the trailing 52 weeks holds up against all the other stocks in our database.

Decades of market research shows that the market’s biggest winners typically have an RS Rating of above 80 in the early stages of their moves. See if Nexstar Media can continue to show renewed price strength and clear that threshold.

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Nexstar Media is trying to complete a consolidation with a 163.72 entry. See if it can break out in volume at least 40% above average.

Top and bottom line growth moved higher last quarter. Earnings were up 112%, compared to 34% in the prior report. Revenue increased from 2% to 24%.

The company earns the No. 1 rank among its peers in the Media-Radio/TV industry group.


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