Long Position on GTN @ $18.10 on 11/30/2018 (Momentum)

Gray Television, Inc. (GTN) owns and operates television stations and digital assets in the United States.

As of February 23, 2018, the company owned and operated television stations in 57 television markets broadcasting approximately 200 program streams, including approximately 100 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.

It 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.

The company was formerly known as Gray Communications Systems, Inc. and changed its name to Gray Television, Inc. in August 2002.  Shares have formed a bullish "cup and handle" and prices are expected to move higher out of this formtion.

Entry Point: $18.10

Stop Loss: $17.15

Trading Range: $10.70 - $20.24

Target Price: $19.90

Updates

2/25/2019 9:46:12 AM

GTN closed at $18.20

Position closed on 2/25/2019 at price of $18.20 with a 0.55% gain in 87 days.

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