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Msg Networks- A: New 52-Week Low Set Today (MSGN)

By David Diaz

Msg Networks- A (NYSE:MSGN) traded at a new 52-week low today of $14.33. Approximately 101,000 shares have changed hands today, as compared to an average 30-day volume of 464,000 shares.

MSG Networks Inc. engages in the sports production, and content development and distribution businesses in the United States. The company owns and operates MSG Network and MSG+, which are regional sports and entertainment networks.

In the past 52 weeks, Msg Networks- A share prices have been bracketed by a current low of $14.33 and a high of $28.13 and are now at $14.68. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.2% while the 200-day MA has slid 0.8%.

There is potential upside of 70.7% for shares of Msg Networks- A based on a current price of $14.68 and an average consensus analyst price target of $25.07. Msg Networks- A shares should first meet resistance at the 50-day moving average (MA) of $19.40 and find additional resistance at the 200-day MA of $22.38.

SmarTrend recommended that its subscribers protect gains by selling shares of Msg Networks- A on March 15th, 2019 by issuing a Downtrend alert when the shares were trading at $22.30. Since that call, shares of Msg Networks- A have fallen 34.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows msg networks- a

Ticker(s): MSGN