Technical Summary on Broadcasting Stocks -- Research on Sinclair Broadcast, Scripps Networks Interactive, Grupo Televisa, and Media General - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

Technical Summary on Broadcasting Stocks -- Research on Sinclair Broadcast, Scripps Networks Interactive, Grupo Televisa, and Media General

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SOURCE Investor-Edge

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LONDON, June 25, 2014 /PRNewswire/ --

On Tuesday, June 24, 2014, the NASDAQ Composite ended at 4,350.36, down 0.42%, the Dow Jones Industrial Average finished the day 0.70% lower at 16,818.13, and the S&P 500 closed at 1,949.98, down 0.64%. The losses were broad based as eight out of ten sectors ended the session in negative. The S&P 500 Consumer Discretionary Sector Index ended the day at 523.62, down 0.24%, while the index has advanced 1.57% in the last one month. Investor-Edge has initiated coverage on the following equities: Sinclair Broadcast Group Inc. (NASDAQ: SBGI), Scripps Networks Interactive Inc. (NYSE: SNI), Grupo Televisa S.A.B. (NYSE: TV) and Media General Inc. (NYSE: MEG). Free technical research on SBGI, SNI, TV and MEG can be downloaded upon signing up at:

http://www.investor-edge.com/4167-register

On Tuesday, Sinclair Broadcast Group Inc.'s stock recorded a trading volume of 1.53 million shares, which was at par with its three months average volume. The stock finished the day flat at the previous day's closing price of $29.24, and registered an intraday range of $29.02 and $30.09. Sinclair Broadcast Group Inc.'s shares have declined 3.18% in the last one month and 18.16% on YTD basis. However, the stock has advanced 8.66% in the previous three months. Furthermore, the company's stock is trading above its 50-day moving average. The stock's 200-day moving average of $30.70 is above its 50-day moving average of $29.01. Additionally, shares of the company traded at a PE ratio of 24.67 and have a Relative Strength Index (RSI) of 44.32. Sign up today to read free research on SBGI at:

http://www.investor-edge.com/4167-SBGI-25Jun2014.pdf

Scripps Networks Interactive Inc.'s stock fell by 1.57% to close Tuesday's session at $80.38, after oscillating between $80.36 and $81.81. The stock recorded a trading volume of 1.03 million shares, above its three months average volume of 0.65 million shares. Over the last one month and previous three months, Scripps Networks Interactive Inc.'s shares have surged 4.91% and 7.04%, respectively. However, from the beginning of 2014, the company's stock has lost 6.98%. The stock is trading above its 50-day and 200-day moving averages. The company stock's 200-day moving average of $77.41 is above its 50-day moving average of $76.18. Further, the company's stock traded at a PE ratio of 22.31 and has an RSI of 71.49. Sign up today to read free research on SNI at:

http://www.investor-edge.com/4167-SNI-25Jun2014.pdf

On Tuesday, Grupo Televisa S.A.B.'s stock finished the session 0.55% higher at $34.70. A total of 1.22 million shares were traded, which was below its three months average volume of 1.79 million shares. The stock moved between $34.21 and $35.04 during the session. Over the last one month and past three months, Grupo Televisa S.A.B.'s shares have rallied 4.27% and 11.40%, respectively. Also, the stock has gone up 14.67% since the start of this year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $33.44 is greater than its 200-day moving average of $30.73. Grupo Televisa S.A.B.'s stock has an RSI of 56.36. Sign up today to read free research on TV at:

http://www.investor-edge.com/4167-TV-25Jun2014.pdf

Shares in Media General Inc. fluctuated between $17.71 and $18.82 before ending Tuesday's session up 4.17%, at $18.47. The company's stock reported a trading volume of 1.07 million shares, above its three months average volume of 0.44 million shares. Further, shares of Media General Inc. have gained 3.71% over the past three trading sessions and 7.82% over the last one month. However, the stock has plummeted 18.27% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. The stock's 200-day moving average of $17.08 is greater than its 50-day moving average of $16.89. Moreover, shares of the company have an RSI of 52.28. Sign up today to read free research on MEG at:

http://www.investor-edge.com/4167-MEG-25Jun2014.pdf

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EDITOR'S NOTES:

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1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.

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