Recent 52-Week High Exceeded in Shares of Nexstar Broadcasting Group (NXST)
Nexstar Broadcasting Group (NASDAQ:NXST) traded at a new 52-week high today of $39.79. Approximately 107,000 shares have changed hands today, as compared to an average 30-day volume of 537,000 shares.
In the past 52 weeks, shares of Nexstar Broadcasting Group have traded between a low of $8.99 and a high of $39.79 and are now at $39.41, which is 338% above that low price. Over the past week, the 200-day moving average (MA) has gone up 3.0% while the 50-day MA has declined 0.2%.
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.
Nexstar Broadcasting Group (NASDAQ:NXST) is currently priced 0.4% above its average consensus analyst price target of $39.25. The stock should find initial support at its 50-day moving average (MA) of $34.76 and further support at its 200-day MA of $23.98.
SmarTrend recommended that subscribers consider buying shares of Nexstar Broadcasting Group on August 22nd, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.96. Since that recommendation, shares of Nexstar Broadcasting Group have risen 17.0%. 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