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 $43.12. So far today approximately 233,000 shares have been exchanged, as compared to an average 30-day volume of 579,000 shares.
Nexstar Broadcasting Group (NASDAQ:NXST) defies analysts with a current price ($42.71) 6.3% above its average consensus price target of $40.00. The stock should discover initial support at its 50-day moving average (MA) of $34.92 and subsequent support at its 200-day MA of $24.45.
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.
In the past 52 weeks, shares of Nexstar Broadcasting Group have traded between a low of $8.99 and a high of $43.12 and are now at $42.71, which is 375% above that low price. Over the past week, the 200-day moving average (MA) has gone up 2.0% while the 50-day MA has advanced 0.5%.
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 24.1%. 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