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Sinclair Broad-A Bearish Moving Average Crossover Alert (SBGI)

By Nick Russo

Sinclair Broad-A (NASDAQ:SBGI) shares have crossed bearishly below their 10-day moving average of $47.27 on a volume of 395K 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.

In the past 52 weeks, shares of Sinclair Broad-A have traded between a low of $25.14 and a high of $66.57 and are now at $43.06, which is 71% above that low price. The 200-day and 50-day moving averages have moved 0.65% higher and 0.92% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Sinclair Broad-A on July 30th, 2019 by issuing a Downtrend alert when the shares were trading at $49.97. Since that call, shares of Sinclair Broad-A have fallen 4.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses sinclair broad-a

Ticker(s): SBGI