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Gray Television Bearish Moving Average Crossover Alert (GTN)

By Nick Russo

Gray Television (NYSE:GTN) crossed under its 10-day moving average of $11.39 on a volume of 124K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Gray Television share prices have been bracketed by a low of $9.95 and a high of $18.07 and are now at $11.14, 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 0.6%.

SmarTrend is tracking the current trend status for Gray Television and will alert subscribers who have GTN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses gray television

Ticker(s): GTN