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Friday, November 11, 2011

Spanish Broadcasting System Inc. (SBSA) Stock Analysis

By Tim - http://stockstobuy.org

The following is technical analysis on Spanish Broadcasting System Inc. (SBSA) - November 11, 2011

Spanish Broadcasting System Inc. (SBSA) Support & Resistance Levels - 11/11/11

Resistance Levels: $4, $5

Support Levels: $2.76

Chart - http://www.stockcharts.com

Spanish Broadcasting System Inc. (SBSA) stock is up on Friday after the company released earnings last night. Over the past week, Spanish Broadcasting System Inc. (SBSA) is up more than 100%. Looking at the technicals, SBSA stock will have resistance at $4 as well as $5. After $5, SBSA will have resistance up at the 200 day moving average ($5.96). Pullbacks below $3 are probably a good buy for a quick trade over the next few days.

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