Nexstar Media Group (NXST, $164.31) price may drop as it broke higher Bollinger Band on May 08, 2025

#Broadcasting, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MidCap
NXST - Nexstar Media Group
Bollinger signal
Bearish Trend
73%
Odds of DOWN Trend
Price: $164.31
Daily change: +$8.42 (+5.4%)
Daily volume: 911.1K
Capitalization: $5B
Industry: Broadcasting

This price move could be a signal that NXST may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 49 similar cases where NXST's price broke its higher Bollinger Band, and 36 of them led to a successful outcome. Odds of Success: 73%.