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Sinclair Broad-A Set to Possibly Pullback After Yesterday's Rally of 2.82%

By Nick Russo

Sinclair Broad-A (NASDAQ:SBGI) traded in a range yesterday that spanned from a low of $31.50 to a high of $32.65. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $31.25 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Sinclair Broad-A have traded between a low of $26.50 and a high of $40.15 and are now at $31.92, which is 20% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Sinclair Broad-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sinclair Broad-A in search of a potential trend change.

Keywords: rebounders sinclair broad-a

Ticker(s): SBGI