The Relative Strength ( RS ) Rating for Gray Television ( GTN ) entered a new percentile Friday, with an increase from 74 to 82.
[ibd-display-video id=2881825 width=50 float=left autostart=true] IBD's proprietary RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or better RS Rating as they begin their biggest runs.
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Gray Television is working on a consolidation with a 16.80 entry . See if it can clear the breakout price in volume at least 40% above average.
Gray Television reported -19% earnings growth last quarter, while sales growth came in at 7%.
The company earns the No. 5 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.
