When putting together your watch list, focus on stocks with an 80 or higher RS Rating. TEGNA just cleared that benchmark with an upgrade from 79 to 86.
This unique rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating north of 80 as they launch their biggest climbs.
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TEGNA has climbed more than 5% past a 15.95 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
In terms of fundamental health, TEGNA has posted rising EPS growth in each of the last three reports. Sales gains have also moved higher over the same time frame.
TEGNA holds the No. 1 rank among its peers in the Media-Radio/TV industry group. Nexstar Media Cl A and Sinclair Cl A are also among the group's highest-rated stocks.
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