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SmarTrend Watching for Potential Rebound in Shares of Scripps Networks Interactive After 3.34% Loss

By David Diaz

Scripps Networks Interactive (NYSE:SNI) traded in a range yesterday that spanned from a low of $62.61 to a high of $65.79. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $63.66 on volume of 928,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, shares of Scripps Networks Interactive have traded between a low of $47.62 and a high of $72.11 and are now at $62.92, which is 32% 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 advanced 0.6%.

Keywords: rebounders Scripps Networks Interactive

Ticker(s): SNI