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Scripps Networks Interactive Bearish Moving Average Crossover Alert (SNI)

By David Diaz

Scripps Networks Interactive (NYSE:SNI) crossed under its 10-day moving average of $75.37 on a volume of 101K 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.

Scripps Networks Interactive share prices have moved between a 52-week high of $83.42 and a 52-week low of $47.62 and are now trading 57% above that low price at $74.81 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Scripps Networks Interactive and will alert subscribers who have SNI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Scripps Networks Interactive

Ticker(s): SNI