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After Yesterday's Rally of 1.05% Shares Could Potentially Pullback

By David Diaz

Nexstar Media-A (NASDAQ:NXST) traded in a range yesterday that spanned from a low of $75.00 to a high of $79.10. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $76.85 on volume of 455,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Nexstar Media-A share prices have moved between a 52-week high of $89.75 and a 52-week low of $56.65 and are now trading 35% above that low price at $76.21 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

SmarTrend is monitoring the recent change of momentum in Nexstar Media-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Nexstar Media-A in search of a potential trend change.

Keywords: rebounders nexstar media-a

Ticker(s): NXST