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Shares of Entercom Comm-A Rank the Highest in Terms of Relative Performance in the Broadcasting Industry (ETM , SBGI , TRCO , DISCK , CBS )

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.

Entercom Comm-A (NYSE:ETM ) ranks first with a gain of 4.00%; Sinclair Broad-A (NASDAQ:SBGI ) ranks second with a gain of 1.14%; and Tribune Media -A (NYSE:TRCO ) ranks third with a gain of 1.13%.

Discovery Comm-C (NASDAQ:DISCK ) follows with a gain of 0.84% and Cbs Corp-B (NYSE:CBS ) rounds out the top five with a gain of 0.75%.

SmarTrend recommended that its subscribers protect gains by selling shares of Entercom Comm-A on May 9th, 2018 by issuing a Downtrend alert when the shares were trading at $8.10. Since that call, shares of Entercom Comm-A have fallen 13.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: relative performance entercom comm-a sinclair broad-a tribune media -a discovery comm-c cbs corp-b

Ticker(s): ETM SBGI TRCO DISCK CBS