Long Position on SBGI @ $12.35 on 10/22/2012 (Momentum)

Sinclair Broadcast Group (SBGI) is a television broadcasting company. The firm owns or provides programming, operating, or sales services to television stations and other commercial broadcasting groups in the United States. It broadcasts free over-the-air programming, such as network provided programs, news produced locally, local sporting events, programming from program service arrangements, syndicated entertainment programs, and other locally produced programs.

The company owns or provides programming and operating services pursuant to local marketing agreements, or provides sales services pursuant to outsourcing agreements to 73 television stations in 45 markets.

It also offers sign design and fabrication services; security alarm monitoring services; and engages in real estate activities, such as investing in developmental land, and operating commercial real estate properties and apartments. Shars have formed a bullish "cup and handle" and higher prices are expected out of this formation.

52-Week Trading Range:  $7.82 - $13.33

Last Trade:  $12.35

Stop Loss:   $11.75

Target Price:  $13.60

Position closed on 10/25/2012 at price of $11.75 with a -4.86% loss in 3 days.

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