Long Position on SGA @ $27.50 on 9/30/2022 (Momentum)

Saga Communications, Inc. (SGA) is a broadcast company. 

The company acquires, develops, and operates broadcast properties in the United States.

The company's radio stations employ various programming formats, including classic hits, adult hits, top 40, country, country legends, mainstream/hot/soft adult contemporary, pure oldies, classic rock, and news/talk.

As of February 28, 2022, it owned seventy-nine FM, thirty- four AM radio stations, and seventy-nine metro signals serving twenty-seven markets. 

On August 5th, Saga Communications reported Quarter June 2022 earnings of $0.63 per share on revenue of $29.8 million.. Revenue grew 6.3% on a year-over-year basis. Since the report shares have formed a bullish "flag" and are expected to move higher from this formation. If you are taking a position, use a LIMIT order.

Entry Point: $27.50

Stop Loss: $25.00

Trading Range: $21.50 to $29.75

Target Price: $31.40

Position closed on 10/3/2022 at price of $25.00 with a -9.09% loss in 3 days.

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