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Relatively Good Performance Detected in Shares of Sinclair Broad-A in the Broadcasting Industry (SBGI , NXST , GTN , TGNA , CBS )

By James Quinn

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.

Sinclair Broad-A (NASDAQ:SBGI ) ranks first with a gain of 4.10%; Nexstar Media-A (NASDAQ:NXST ) ranks second with a gain of 2.77%; and Gray Television (NYSE:GTN ) ranks third with a gain of 1.72%.

Tegna Inc (NYSE:TGNA ) follows with a gain of 1.62% and Cbs Corp-B (NYSE:CBS ) rounds out the top five with a gain of 0.50%.

SmarTrend recommended that subscribers consider buying shares of Sinclair Broad-A on January 7th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $28.24. Since that recommendation, shares of Sinclair Broad-A have risen 95.1%. We continue to monitor Sinclair Broad-A for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: relative performance sinclair broad-a nexstar media-a gray television tegna inc cbs corp-b

Ticker(s): SBGI NXST GTN TGNA CBS