Scripps Networks Breaks Out And Hits New Peak
Posted on August 06, 2012 at 18:58 PM EDT
Scripps Networks Interactive (SNI) broke out of a seven-week pattern as it touched a new all-time high Monday. The cable channel operator rose 1% and topped a 57.85 buy point from a flat base. It closed less than 1% beyond its latest trigger, meaning it's still in a possible buy range. Volume came in about 25% above average Monday. That's below the 40% or more that you prefer to see with any breakout. The stock also had found support near the
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