• Return to Headlines

Scripps Networks Interactive Crosses Below its 10-day MA (SNI)

By Amy Schwartz

Scripps Networks Interactive (NYSE:SNI) shares have crossed bearishly below their 10-day moving average of $66.76 on a volume of 104K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Scripps Networks Interactive share prices have been bracketed by a low of $47.62 and a high of $83.42 and are now at $66.44, 40% above that low price. 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 recommended that its subscribers protect gains by selling shares of Scripps Networks Interactive on April 13th, 2017 by issuing a Downtrend alert when the shares were trading at $74.95. Since that call, shares of Scripps Networks Interactive have fallen 10.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Scripps Networks Interactive

Ticker(s): SNI