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Gray Television Bearish Moving Average Crossover Alert (GTN)

By David Diaz

Gray Television (NYSE:GTN) crossed under its 10-day moving average of $13.04 on a volume of 845K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Gray Television has traded in a range of $9.95 to $18.07 and is now at $12.54, 26% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Gray Television on March 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.94. Since that recommendation, shares of Gray Television have risen 14.2%. We continue to monitor GTN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses gray television

Ticker(s): GTN