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Scripps Networks Interactive Inc Breaks Below 200-Day Moving Average - Bearish for SNI

By Market News Video Staff, Wednesday, June 1, 5:07 PM ET
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In trading on Wednesday, shares of Scripps Networks Interactive Inc (NYSE:SNI) crossed below their 200 day moving average of $49.15, changing hands as low as $48.42 per share. Scripps Networks Interactive Inc shares are currently trading off about 4% on the day. The chart below shows the one year performance of SNI shares, versus its 200 day moving average:

Scripps Networks Interactive Inc 200 Day Moving Average Chart

Looking at the chart above, SNI's low point in its 52 week range is $39.36 per share, with $53.66 as the 52 week high point — that compares with a last trade of $48.42.

According to the ETF Finder at ETF Channel, SNI makes up 4.49% of the Guggenheim Spin-Off ETF (AMEX:CSD) which is trading lower by about 1.7% on the day Wednesday.

     See what other ETFs contain SNI »
     See what other stocks are held by CSD »

SNI operates in the Television & Radio sector, among companies like Central European Media Enterprises Ltd. (NASDAQ:CETV) which is off about 3% today, and CTC Media Inc (NASDAQ:CTCM) trading lower by about 3.5%. Below is a three month price history chart comparing the stock performance of SNI, versus CETV and CTCM.

SNI,CETV,CTCM Relative Performance Chart


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