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

By Amy Schwartz

Sinclair Broad-A (NASDAQ:SBGI) shares have crossed bearishly below their 10-day moving average of $32.76 on a volume of 128K 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, Sinclair Broad-A has traded in a range of $26.50 to $40.15 and is now at $32.55, 23% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.6%.

SmarTrend is tracking the current trend status for Sinclair Broad-A and will alert subscribers who have SBGI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses sinclair broad-a

Ticker(s): SBGI