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Look for Shares of Nexstar Broadcasting Group to Potentially Pullback after Yesterday's 2.02% Rise

By David Diaz

Nexstar Broadcasting Group (NASDAQ:NXST) traded in a range yesterday that spanned from a low of $50.47 to a high of $52.55. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $52.26 on volume of 216,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Nexstar Broadcasting Group and will alert subscribers who have NXST in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Nexstar Broadcasting Group have traded between a low of $34.65 and a high of $61.79 and are now at $51.71, which is 49% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 2.1%.

Keywords: rebounders nexstar broadcasting group

Ticker(s): NXST