• Return to Headlines

Watch for Nexstar Media-A to Potentially Pullback After Gaining 1.06% Yesterday

By Nick Russo

Nexstar Media-A (NASDAQ:NXST) traded in a range yesterday that spanned from a low of $98.87 to a high of $100.63. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $100.38 on volume of 101,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Nexstar Media-A share prices have been bracketed by a low of $70.09 and a high of $119.93 and are now at $100.59, 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has risen 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Nexstar Media-A on May 3rd, 2019 by issuing a Downtrend alert when the shares were trading at $111.32. Since that call, shares of Nexstar Media-A have fallen 10.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders nexstar media-a

Ticker(s): NXST