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Shares of Discovery Comm-A Rank the Highest in Terms of Relative Performance in the Broadcasting Industry (DISCA , DISCK , GTN , CBS , AMCX )

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.

Discovery Comm-A (NASDAQ:DISCA ) ranks first with a gain of 12.06%; Discovery Comm-C (NASDAQ:DISCK ) ranks second with a gain of 11.24%; and Gray Television (NYSE:GTN ) ranks third with a gain of 7.97%.

Cbs Corp-B (NYSE:CBS ) follows with a gain of 2.66% and Amc Networks-A (NASDAQ:AMCX ) rounds out the top five with a gain of 2.31%.

SmarTrend recommended that its subscribers protect gains by selling shares of Cbs Corp-B on September 25th, 2019 by issuing a Downtrend alert when the shares were trading at $41.19. Since that call, shares of Cbs Corp-B have fallen 10.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: relative performance discovery comm-a discovery comm-c gray television cbs corp-b amc networks-a