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Gray Television Meets 80-Plus Relative Strength Rating Benchmark

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On Friday, Gray Television ( GTN ) received a positive adjustment to its Relative Strength ( RS ) Rating , from 79 to 84.

[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's unique rating measures price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.

History reveals that the top-performing stocks often have an 80 or higher RS Rating as they launch their biggest climbs.

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Gray Television is trading within a buy range after moving past a 16.80 entry in a consolidation . The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity.

Gray Television reported -19% earnings growth in the latest quarterly report. Sales gains came in at 7%.

The company holds the No. 2 rank among its peers in the Media-Diversified industry group. World Wrestling Entertainment ( WWE ) is the top-ranked stock within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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