Sinclair Broadcast Group ( SBGI ) had its Relative Strength ( RS ) Rating upgraded from 70 to 74 Thursday -- a welcome improvement, but still below the 80 or higher score you prefer to see.
[ibd-display-video id=2881825 width=50 float=left autostart=true] IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if Sinclair Broadcast Group can continue to show renewed price strength and hit that benchmark.
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Sinclair Broadcast Group is trying to complete a cup without handle with a 43.15 entry . See if the stock can clear the breakout price in heavy trade.
The company posted negative growth for both sales and earnings last quarter.
Sinclair Broadcast Group holds the No. 6 rank among its peers in the Media-Radio/TV industry group. Nexstar Media ( NXST ), Beasley Broadcast Group ( BBGI ) and Gray Television (GTNA) are among the top 5 highly rated stocks 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.
