Spanish Broadcasting System (SBSA - Get Report)
This company is a Hispanic-controlled media and entertainment company in the U.S. This stock is trading up 16.7% at $4.19 in recent trading.
Friday's Range: $3.45 to $4.1952-week Range: 95 cents to $12.10 Volume: 101,000 Three-Month Average Volume: 78,668 From a technical standpoint, SBSA is starting to trigger a breakout trade Friday above some overhead resistance at $4.05. This stock is also getting very close to moving back above its 200-day moving average of $4.37. Market players should continued to look for long-biased trades in SBSA if this stock can manage to close back above its 200-day at $4.37 on solid volume in the near future. Look for volume on that move that's near or well above its three-month average action of 78,668 shares. If we get that action, look for SBSA to retest $5 and then $7.55 if $5 is taken out on high-volume.
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