Long Position on GTN @ $13.89 on 3/24/2017 (Momentum)

Gray Television, Inc. (GTN) is a television broadcast company.

The company owns and operates television stations and digital assets in the United States.

As of February 21, 2017, it owned and operated television stations in 54 television markets broadcasting approximately 200 program streams comprising 37 channels affiliated with the CBS Network, 29 channels affiliated with the NBC Network, 20 channels affiliated with the ABC Network, and 15 channels affiliated with the FOX Network.

The company also broadcasts secondary digital channels affiliated to ABC, CBS, and FOX, as well as channels affiliated with various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; and local news/weather channels in various markets.

Shares are in the process of forming a bullish "cup and handle" and higher share prices are expected. Note the 30-day moving average shown in green. This average has acted as a strong support for this stock.

52-Weeks Trading Range: $7.00 - $15.10

Entry Point: $13.89

Stop Loss: $13.10

Target Price: $15.18

Updates

4/19/2017 3:57:38 PM

GTN closed at $15.00

Position closed on 4/19/2017 at price of $15.00 with a 7.99% gain in 26 days.

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