The Chart of the Day belongs to Sinclair Broadcast Group (SBGI). I found the TV broadcasting stock by using Barchart to sort today’s Top Stocks to Own first for the most frequent new highs in the last month, then again for technical buy signals of 80% or better. Since the Trend spotter signaled a buy in 2/9 the stock gained 21.20%.
Sinclair Broadcast Group is a diversified broadcasting company that owns or provides programming services pursuant to local marketing agreements to more television stations than any other commercial broadcasting group in the United States.
The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
Fundamental factors:
