Long Position on GTN @ $17.05 on 11/27/2015 (Momentum)

Gray Television Inc. (GTN) is a broadcast company, which owns and/or operates television stations and digital assets in markets throughout the United States.

Gray owns and operates television stations in 44 television markets broadcasting 139 program streams including 76 affiliates of the Big Four networks (ABC, CBS, NBC and FOX). Gray's owned and/or operated stations include 26 channels affiliated with the CBS Network, 24 channels affiliated with the NBC Network, 16 channels affiliated with the ABC Network and 10 channels affiliated with the FOX Network.

Gray reaches approximately 8.1% of total United States television households.

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

52 Weeks Trading Range: $9.17 - $18.07

Entry Point: $17.05

Stop Loss: $16.15

Target Price: $18.76

Updates

1/27/2016 12:11:31 PM

GTN closed at $13.70

Position closed on 1/27/2016 at price of $13.70 with a -19.65% loss in 61 days.

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