TEGNA had its Relative Strength (RS) Rating upgraded from 78 to 83 Wednesday.
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against the rest of the market.
Decades of market research shows that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
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While the stock is not near an ideal buying range right now, see if it manages to form and break out of a proper chart pattern.
In terms of fundamentals, the company has posted four quarters of rising earnings growth. Sales gains have also moved higher over the same time frame. TEGNA is expected to report its next quarterly numbers on or around May 8.
The company earns the No. 1 rank among its peers in the Media-Radio/TV industry group. Sinclair Cl A and Nexstar Media Cl A are also among the group's highest-rated stocks.
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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