GTN possible entry pointsGTN is one of the stocks that I am following and here I will discuss possible entry points for long term investment. Let me know what you think.
GTN.A trade ideas
6 month hold on $GTN with tight risk 80% upsideGTN has amazing fundamentals in Broadcasting sub industry compared to its peers, technically at the bottom of an expanding long term wedge, and we're going into political ad season and its market is in many swing states that will see high political ad spending; this has a tight risk stop loss at 18% and easy upside of 80%;
I will take a measured long position in this soon at 2%-4% of portfolio and hold for 6=12 months.
I do not have a position in this currently but will likely go long this week
GTN downtrend completionExpecting downtrend fib to complete. Price target at 1.618 @17.22 price target completion.
GTN looking to break out of a month long range.GTN made a new 52 week high with tons of buying volume coming in and is also expected to fundamentally grow over the next year.
Judging by the volume we got on Friday, I think we'll see a break of the range early this week.
However, keeping in mind that most gaps tend to get filled I think GTN may come back to retest the $23.25 area before attempting to break out.
Final thoughts:
Look for buying opportunities around the $23.25 area or wait for a daily break/close above $23.95
P.S: Previous all time high comes in around $25.31.
If your thinking about trading this be sure to lock in some profits at or around that price.
Going long1. Stochastic looking like a buy signal 2.MACD is bullish 3. Volume surge momentum on 5/3 4. Above 9 MA 5. AMAZING fundamentals
Calling GTN ReversalGTN is a broadcasting company that recently took a stake in a sports & gaming company, Envy Gaming. This fast growing sports & gaming company will propel Gray Televisions growth, making it a good long term hold given their current market position already (#1 ranked due to show holdings and licenses by market entities) - this one loves the 50EMA a lot, as long as it holds 18.9, doesn't break 18.4, expecting this to rally back up to the 20s - take profit at 20.4, 20.8 for a good 5:1 R/R
Gray Television Announces $150 Million Expansion of Share RepurcGTN: Gray Television, Inc.
2020-11-05 06:15:00
Gray Television Announces $150 Million Expansion of Share Repurchase Authorization
GRAY ANNOUNCES NEW SHARE REPURCHASE AUTHORIZATIONGTN: Gray Television, Inc.
2019-11-07 06:15:00
GRAY ANNOUNCES NEW SHARE REPURCHASE AUTHORIZATION
Buying Low! Value Stock!Hello Folks,
Gray Television recently entered into an agreement to purchase Raycom Media for $3.65 Billion. The combined company will have 142 full-power television stations in 92 markets, the 3rd Largest Portfolio of stations and markets in the United States.
Grays's station portfolio currently reaches about 10.4 percent of total U.S. television households, and with the combined company, Gray will reach 24% of households in the United States.
After the announcement, RBC lifted Gray Price Target to $19 and Wells Fargo lifted the price target to $28.
I looked at the weekly chart of Gray. Yesterday, the stock broke above the cloud, breaking through resistance and closed at $15.85.
Indicators are turning up. MACD turned positive and I think the stock will continue moving up from current levels.
Best of luck to everyone!
Thank you
$GTN Impulse waves point to more upsideKeeping things simple sans wave count. Impulse waves develop in the direction of the larger trend. Multiple impulse waves seen here in the boxes suggest a possible 3rd of 3rd. Initial target is 18.
GTN- Long from 11.50 after a wonderful trade in GTN we can see a new bullish opportunity as it is forming a Flag formation. We think it will go up from here & our target is 12.67 & we are looking for a break of 11.50 for trade entry.
You can check our detailed analysis on GTN in the trading room/ Executive summery link here-
www.screencast.com
Time Span: 54"
Trade found: Aug 12th
Trade Status: Trade opened Aug 15th
GTN BreakoutGtn operates TV stations in 44 markets and has strong fundamentals, this breakout gives a good entry point.
