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

By Shiri Gupta

Scripps Networks Interactive (NYSE:SNI) shares have crossed bearishly below their 10-day moving average of $66.57 on a volume of 396K 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.

Over the past year, Scripps Networks Interactive has traded in a range of $47.62 to $72.11 and is now at $66.22, 39% above that low. The 200-day and 50-day moving averages have moved 0.1% lower and 0.65% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Scripps Networks Interactive on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $65.17. Since that recommendation, shares of Scripps Networks Interactive have risen 3.1%. We continue to monitor SNI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Scripps Networks Interactive

Ticker(s): SNI