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Scripps Net-Cl A Bearish Moving Average Crossover Alert (SNI)

By James Quinn

Scripps Net-Cl A (NYSE:SNI) shares have crossed bearishly below their 10-day moving average of $67.59 on a volume of 152K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Scripps Net-Cl A has traded in a range of $58.73 to $83.42 and is now at $67.43, 15% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Scripps Net-Cl A on April 13th, 2017 by issuing a Downtrend alert when the shares were trading at $74.95. Since that call, shares of Scripps Net-Cl A have fallen 9.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses scripps net-cl a

Ticker(s): SNI