SmarTrend Watching for Potential Rebound in Shares of Scripps Networks Interactive After 4.69% Loss
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.
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.
Over the past year, Scripps Networks Interactive has traded in a range of $47.62 to $72.11 and is now at $61.25, 29% above that low. The 200-day and 50-day moving averages have moved 0.1% lower and 0.65% higher over the past week, respectively.
Keywords: rebounders Scripps Networks Interactive