The Relative Strength (RS) Rating for TEGNA moved into a higher percentile Wednesday, as it got a lift from 69 to 74.
Can You Really Time The Stock Market?
IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks typically have an RS Rating of over 80 in the early stages of their moves. See if TEGNA can continue to show renewed price strength and hit that benchmark.
TEGNA is working on a consolidation with a 19.62 buy point. See if it can clear the breakout price in heavy trading.
In terms of top and bottom line numbers, TEGNA has posted rising EPS growth over the last four quarters. Sales gains have also risen over the same time frame. The company is expected to report its next quarterly numbers on or around May 8.
TEGNA earns the No. 2 rank among its peers in the Media-Radio/TV industry group. Sinclair 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.
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