Gannett Co., Inc. operates as a media and marketing solutions company in the United States and internationally. It operates through three segments: Publishing, Digital, and Broadcasting. The Publishing Segment operates 82 U.S. daily publications with affiliated online sites, including USA TODAY, a national, general-interest daily publication; USATODAY.com; USA WEEKEND, a magazine supplement for publishing companies; Clipper magazine, a direct mail advertising magazine; magazines for nurses and allied health professionals; and military and defense publications. The Digital segment operates CareerBuilder.com, an online job site to help companies target, attract, and retain talent. The Broadcasting segment operates 23 television stations and affiliated online sites, which offer news, entertainment, and advertising content; and Captivate Network, a national news and entertainment network that delivers programming and full-motion video advertising on video screens located in elevators of office towers and hotel lobbies in North America.
To review Gannett's stock, please take a look at the 1-year chart of GCI (Gannett Co., Inc) below with my added notations:
GCI has been working its way higher since June, but has since paused
in a sideways trading range. For the last (2) months the stock has been
stuck within a common pattern known as a rectangle. Rectangle patterns
form when a stock gets stuck bouncing between a horizontal support and
resistance. A minimum of (2) successful tests of the support and (2)
successful tests of the resistance will give you the pattern. GCI's
rectangle pattern has formed a $22 resistance (red) and a $20 support
(blue). A break above $22 would also be a new 52-week high.
The Tale of the Tape: GCI has formed a rectangle
pattern. The possible long positions on the stock would be either on a
pullback to $20, or on a breakout above $22. The ideal short opportunity
would be on a break below $20.
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mineweb.com / By Lawrence Williams / May 20, 2013
With the recent weakness in metals prices – and in particular for gold – exploration activity has seen a big decline with precious metals the major affected sector.According to a new State of the Market report from research firm IntierraRMG, slumping metals prices, and falling equity valuations, reflect serious uncertainty about the world economy. The recent quarter ended with the Governor of the Bank of Japan announcing a huge monetary stimulus, Europe bailing out the banking system in Cyprus, disappointing employment figures in the USA and worrying signs of a slowdown in the crucial Chinese economy. The depressing economic scenario of the past couple of years has had a serious knock-on effect over the minerals exploration sector.
Exploration activity has been trending down since the end of October 2011, the report notes, and IntierraRMG monitored drilling reports from only 355 prospects followed in March this year. Gold exploration has been particularly weak, with activity reported from just 172 prospects in March, compared with 382 a year earlier – a fall of close on 55%.