Watch Out: Barbarians At The Gate For Grupo Televisa SAB (TV)

Trade-Ideas LLC identified Grupo Televisa SAB ( TV) as a "barbarian at the gate" (strong stocks crossing above resistance with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified Grupo Televisa SAB as such a stock due to the following factors:

  • TV has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $44.0 million.
  • TV has traded 1.5 million shares today.
  • TV traded in a range 231.2% of the normal price range with a price range of $1.73.
  • TV traded above its daily resistance level (quality: 100 days, meaning that the stock is crossing a resistance level set by the last 100 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).

Stocks matching the 'Barbarian at the Gate' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying positive price action. In this case, the stock crossed an important inflection point; namely, 'resistance' while at the same time the range of the stock's movement in price is more than twice its normal size. This large range foreshadows a possible continuation as the stock moves higher.

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More details on TV:

Grupo Televisa, S.A.B. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Telecommunications, and Other Businesses. The stock currently has a dividend yield of 0.4%. Currently there are 4 analysts that rate Grupo Televisa SAB a buy, 1 analyst rates it a sell, and 1 rates it a hold.

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Strong On High Relative Volume: Grupo Televisa SAB (TV)