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Journal Communications, Inc. (JRN) operates as a media company in the United States.
Its Broadcasting segment operates 13 television stations and 35 radio stations in 11 states. This segments television and radio stations provide targeted and relevant local programming to serve listeners, viewers, and advertisers.
The companys Publishing segment publishes Milwaukee Journal Sentinel, which serves as the daily newspaper for the Milwaukee metropolitan area; and various community publications primarily in southeastern Wisconsin. It also operates various Websites, including JSOnline.com and Milwaukeemoms.com, and the MyCommunityNOW family of 26 community Websites that provide editorial and advertising content.
In addition, this segment publishes a business-to-business publication, which appeals to advertisers and readers in the agricultural market; and provides commercial printing services, including cold-Web printing, sheet-fed printing, electronic prepress, mailing, bindery, and inserting for other weekly and monthly publications.
Shares have formed a bullish "cup & handle" ahead of the company's quarterly results on March 12th. We expect a strong report from the firm.
52-Week Trading Range: $7.79 - $12.12
Entry Point: $12:10
Stop Loss: $11.45
Target Price: $13:35
JRN reached our target. Closed at $13.39.
