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Gray Television has the Best Relative Performance in the Broadcasting Industry (GTN , NXST , DISCK , DISCA , AMCX )

By David Diaz

We looked at the Broadcasting industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.

Gray Television (NYSE:GTN ) ranks first with a gain of 7.52%; Nexstar Media-A (NASDAQ:NXST ) ranks second with a gain of 5.32%; and Discovery Comm-C (NASDAQ:DISCK ) ranks third with a gain of 4.35%.

Discovery Comm-A (NASDAQ:DISCA ) follows with a gain of 4.14% and Amc Networks-A (NASDAQ:AMCX ) rounds out the top five with a gain of 3.84%.

SmarTrend recommended that its subscribers protect gains by selling shares of Amc Networks-A on July 22nd, 2019 by issuing a Downtrend alert when the shares were trading at $53.46. Since that call, shares of Amc Networks-A have fallen 8.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: relative performance gray television nexstar media-a discovery comm-c discovery comm-a amc networks-a