The Hourly View for TGNA
Currently, TGNA (Get Ratings)’s price is up $0.46 (2.47%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
TGNA’s Technical Outlook on the Daily Chart
Currently, TGNA’s price is up $0.28 (1.48%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as TGNA has now gone up 4 of the past 5 days. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows TGNA’s price action over the past 90 days.
For TGNA News Traders
News traders keeping an eye on TGNA may find value in this recent story:
The chief executive officer of Tegna Inc on Tuesday apologized for having mistaken a Black executive, who this year became a candidate for the broadcast company’s board, for a hotel car valet in 2014. Adonis Hoffman, a lawyer, media expert and independent corporate director, withdrew his candidacy last Thursday, citing conflicts of interest and the incident seven years ago involving CEO Dave Lougee. Lougee, who was president of Tegna, then known as Gannett Co’s broadcasting unit, and Hoffman, who was serving as chief of staff for then-commissioner Mignon Clyburn of the Federal Communications Commission, sat at the same table – with one person between them – at an industry luncheon at the Hyatt Regency Hotel in Washington in early 2014.
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The post Tegna Inc (TGNA): Price Now Near $19.12; Daily Chart Shows An Uptrend on 20 Day Basis appeared first on ETF Daily News.
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