Recent 52-Week High Exceeded in Shares of Nexstar Broadcasting Group (NXST)
Shares of Nexstar Broadcasting Group (NASDAQ:NXST) traded at a new 52-week high today of $13.19. So far today approximately 62,000 shares have been exchanged, as compared to an average 30-day volume of 308,000 shares.
Nexstar Broadcasting Group (NASDAQ:NXST) is currently priced 0.2% above its average consensus analyst price target of $13.00. The stock should find initial support at its 50-day moving average (MA) of $10.90 and further support at its 200-day MA of $8.89.
In the past 52 weeks, shares of Nexstar Broadcasting Group have traded between a low of $6.00 and a high of $13.19 and are now at $13.03, which is 117% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.0%.
Nexstar Broadcasting Group, Inc, is a television broadcasting company focused on the acquisition, development, and operation of television stations in medium sized markets in the United States.
SmarTrend recommended that subscribers consider buying shares of Nexstar Broadcasting Group on December 13th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.63. Since that recommendation, shares of Nexstar Broadcasting Group have risen 21.0%. We continue to monitor NXST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows nexstar broadcasting group