TEGNA saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 69 to 74.
Can You Really Time The Stock Market?
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the best stocks often have an RS Rating of at least 80 as they launch their biggest price moves. See if TEGNA can continue to show renewed price strength and clear that threshold.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a consolidation and break out.
In terms of top and bottom line numbers, TEGNA has posted rising EPS growth over the last four quarters. Revenue growth has also increased during the same period. The company is expected to release its next quarterly numbers on or around May 8.
TEGNA 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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