Salem Media Group (NASDAQ:SALM) Shares Cross Above 200-Day Moving Average – Should You Sell?

Salem Media Group, Inc. (NASDAQ:SALM) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.29 and traded as high as $0.64. Salem Media Group shares last traded at $0.60, with a volume of 34,201 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Salem Media Group in a research report on Tuesday. They issued a “hold” rating on the stock.

Salem Media Group Trading Up 4.3 %

The stock has a fifty day simple moving average of $0.34 and a 200-day simple moving average of $0.29.

About Salem Media Group

Salem Media Group, Inc operates as a multimedia company in the United States. It operates in three segments: Broadcast, Digital Media, and Publishing. The company owns and operates radio stations; offers programming to Christian and family-themed talk stations, music stations, and news talk stations; places advertising on Christian and talk formatted radio stations, and other commercial radio station formats; and operates Salem Podcast Network, a platform for conservative, political, news, and family-oriented podcasts.