Long Position on NXST @ $12.10 on 1/9/2013 (Momentum)

Nexstar Broadcasting Group (NXST) is a television broadcasting and digital media company.

It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets in the United States. It provides free over-the-air programming to television viewing audiences.

The company, through various local service agreements, also offers sales, programming, and other services to stations and digital multi-cast channels owned and/or operated by independent third parties.

As of December 31, 2011, it owned, operated, programmed, or provided sales and other services to 55 television stations and 11 digital multi-cast channels in 32 markets in the states of Illinois, Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania, Louisiana, Arkansas, Alabama, New York, Florida, Wisconsin, and Michigan. The company’s stations reach approximately 10.6 million viewers.

Shares have formed a bullish "flag" and are expected to move higher out of this formation.

52-Week Trading Range:  $6.00 - $12.97

Buy-In Price:  $12.10

Stop Loss:  $11.40

Target Price:  $13.30

Updates

1/25/2013 9:33:35 AM

We closed the position at $13.50. If you elect to stay in this stock, please adjust your stop loss upward.

Position closed on 1/25/2013 at price of $13.50 with a 11.57% gain in 15 days.

Back to Portfolio