Look for Shares of Scripps Networks Interactive to Potentially Rebound after Yesterday's 4.69% Sell Off
Scripps Networks Interactive (NYSE:SNI) traded in a range yesterday that spanned from a low of $61.19 to a high of $62.95. Yesterday, the shares fell 4.7%, which took the trading range below the 3-day low of $63.96 on volume of 1.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Scripps Networks Interactive share prices have moved between a 52-week high of $72.11 and a 52-week low of $47.62 and are now trading 29% above that low price at $61.25 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
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: rebounders Scripps Networks Interactive