$NXST Cup with Handle Setup

Nextar been basing around its 50 MA forming a cup and handle pattern after a 52% advance. Volume pattern shows strong institution accumulation. Most recent days around earnings saw big amount of volume traded with price not moving much. Wait for signs bulls are winning this battle before jumping onboard.

Nexstar Media Group Cl A (NXST)- OWNS AND OPERATES 198 TV STATIONS AND RELATED LOW POWER AND DIGITAL MULTICAST SIGNALS IN 116 MARKETS