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Watch for Continued Gains in Shares of Nexstar Media-A (NXST)

By Amy Schwartz

Nexstar Media-A (NASDAQ:NXST) traded at a new 52-week high today of $108.50. So far today approximately 130,000 shares have been exchanged, as compared to an average 30-day volume of 561,000 shares.

In the past 52 weeks, Nexstar Media-A share prices have been bracketed by a low of $60.30 and a high of $108.50 and are now at $107.27, 78% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 2.7%.

Nexstar Media Group, Inc. operates as a television broadcasting company. The Company focuses on the acquisition, development, and operation of television stations in medium using traditional media, e-MEDIA, digital, and mobile media platforms. Nexstar Media Group offers its services in the central east part of United States.

Nexstar Media-A (NASDAQ:NXST) defies analysts with a current price ($107.27) 18.2% above its average consensus price target of $87.73. The stock should find initial support at its 50-day moving average (MA) of $88.96 and further support at its 200-day MA of $80.56.

SmarTrend recommended that subscribers consider buying shares of Nexstar Media-A on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.55. Since that recommendation, shares of Nexstar Media-A have risen 33.2%. 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 media-a

Ticker(s): NXST