Saturday, December 10, 2011
In the Zone
$SBGI - Sinclair Broadcast Group Inc.
Sinclair Broadcast Group, Inc., a television broadcasting company, owns or provides certain programming, operating, or sales services to television stations in the United States.
The company broadcasts free over-the-air programming, such as network provided programs, news produced locally, local sporting events, programming from program service arrangements, and syndicated entertainment programs.
It owns or provides programming and operating services pursuant to local marketing agreements, or provides sales services pursuant to outsourcing agreements to 58 television stations in 35 markets. The company was founded in 1952 and is based in Hunt Valley, Maryland.
Please keep $SBGI - Sinclair Broadcasting on your radar for a breakout above the $11.10 to $11.15 on heavier than average daily trading volume of 489,730.
As the this week came to a close in the stock market Sinclair Broadcasting ended the week trading at $11.07 up $0.75 or +7.27% on lighter than average weekly trading volume of 2.39 million. The average weekly trading volume for Sinclair Broadcasting is 2.64 million.
This is not a buy recommendation please do your own due diligence or get help from a professional before trading.
By: Marlin Rolle
*** Please have a close look at the charts listed below ****