When (NXST) Moves Investors should Listen
February 11, 2024, 14:38 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NXST
- Buy NXST slightly over 151.38 target 169.34 stop loss @ 150.94 Details
The technical summary data tells us to buy NXST near 151.38 with an upside target of 169.34. This data also tells us to set a stop loss @ 150.94 to protect against excessive loss in case the stock begins to move against the trade. 151.38 is the first level of support below 162.72 , and by rule, any test of support is a buy signal. In this case, support 151.38 is being tested, a buy signal would exist.
- Short NXST slightly under 169.34, target 151.38, stop loss @ 169.83 Details
The technical summary data is suggesting a short of NXST as it gets near 169.34 with a downside target of 151.38. We should have a stop loss in place at 169.83though. 169.34 is the first level of resistance above 162.72, and by rule, any test of resistance is a short signal. In this case, if resistance 169.34 is being tested, a short signal would exist.
Swing Trading Plans for NXST
- Buy NXST slightly over 167.55, target 169.34, Stop Loss @ 167.07 Details
If 167.55 begins to break higher, the technical summary data tells us to buy NXST just slightly over 167.55, with an upside target of 169.34. The data also tells us to set a stop loss @ 167.07 in case the stock turns against the trade. 167.55 is the first level of resistance above 162.72, and by rule, any break above resistance is a buy signal. In this case, 167.55, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short NXST slightly near 167.55, target 156.37, Stop Loss @ 168.03. Details
The technical summary data is suggesting a short of NXST if it tests 167.55 with a downside target of 156.37. We should have a stop loss in place at 168.03 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 167.55, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for NXST
- Buy NXST slightly over 163.55, target 167.55, Stop Loss @ 163.17 Details
If 163.55 begins to break higher, the technical summary data tells us to buy NXST just slightly over 163.55, with an upside target of 167.55. The data also tells us to set a stop loss @ 163.17 in case the stock turns against the trade. 163.55 is the first level of resistance above 162.72, and by rule, any break above resistance is a buy signal. In this case, 163.55, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short NXST slightly near 163.55, target 156.37, Stop Loss @ 163.93. Details
The technical summary data is suggesting a short of NXST if it tests 163.55 with a downside target of 156.37. We should have a stop loss in place at 163.93 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 163.55, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Nexstar Media Group Inc. (NXST) available here: NXST.
NXST Ratings for February 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
132.59 |
| P2 |
153.18 |
156.37 |
151.38 |
| P3 |
163.55 |
167.55 |
169.34 |
AI Generated Signals for NXST
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Nexstar Media Group Inc. (NASDAQ: NXST) report below is a real world example. Included are trading plans for NXST, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NXST:
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