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Shares of SBGI Down 34.8% Since Downtrend Call on Shares

By Amy Schwartz

SmarTrend identified a Downtrend for Sinclair Broad-A (NASDAQ:SBGI) on July 30th, 2019 at $49.97. In approximately 6 months, Sinclair Broad-A has returned 34.80% as of today's recent price of $32.58.

In the past 52 weeks, shares of Sinclair Broad-A have traded between a low of $29.26 and a high of $66.57 and are now at $33.74, which is 15% above that low price. The 200-day and 50-day moving averages have moved 0.21% lower and 1.54% lower over the past week, respectively.

Sinclair Broadcast Group, Inc. is a television broadcasting company. The Company offers news operations, sports network, local advertising, and sales services on television stations. Sinclair Broadcast Group operates in the United States.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Sinclair Broad-A.

Log in and add Sinclair Broad-A (SBGI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights sinclair broad-a

Ticker(s): SBGI