Grupo Televisa: The Winning Streak Continues (TV)
Grupo Televisa (NYSE:TV) traded today at a new 52-week high of $33.94. So far today approximately 306,000 shares have been exchanged, as compared to an average 30-day volume of 2.7 million shares.
Over the past year, Grupo Televisa has traded in a range of $21.86 to $33.94 and is now at $33.73, 54% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.5%.
Grupo Televisa S.A. is the largest media company in the Spanish-speaking world, and a major player in the international entertainment business. It has interests in television production and broadcasting, programming, direct-to-home satellite services, publishing and publishing distribution, cable television, radio production, show business, feature film and internet portal.
Grupo Televisa (NYSE:TV) defies analysts with a current price ($33.73) 1.8% above its average consensus price target of $33.14. The stock should find initial support at its 50-day moving average (MA) of $29.99 and further support at its 200-day MA of $28.49.
SmarTrend recommended that subscribers consider buying shares of Grupo Televisa on March 4th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.56. Since that recommendation, shares of Grupo Televisa have risen 8.9%. We continue to monitor TV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows grupo televisa