Nexstar Media Cl A saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 79 to 82.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks often have an RS Rating of over 80 as they launch their biggest climbs.
While the stock is not near an ideal buy point right now, see if it manages to form and break out of a proper consolidation.
The company reported negative growth for both sales and earnings last quarter. Nexstar Media Cl A is expected to release its next quarterly numbers on or around Aug. 7.
The company holds the No. 2 rank among its peers in the Media-Radio/TV industry group. Gray Media Cl A is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
