SmarTrend's Trend Spotter See Continued Upward Momentum on Shares of Sinclair Broadcast Group (SBGI)
Thursday, March 4, 2010 - 12:38
Written on Thu, 03/04/2010 - 12:38pm
By Chip Brian

SmarTrend identified an Uptrend for Sinclair Broadcast Group (NASDAQ:SBGI) on December 29, 2009 at $4.34. In approximately 2 months, Sinclair Broadcast Group has returned 23% as of today's recent price of $5.34.
Sinclair Broadcast Group is currently above its 50-day moving average of $4.95 and above its 200-day moving average of $3.37. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Sinclair Broadcast Group shares.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): SBGI

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