Don't know your trading plan on SBGI as it's pattern wasn't a positive one. But the fundies look nice. And chart wise, today crosses the 61% FIBs on a bear flag. Changing it to a "V" bottom with 31.50 as first target. Helping your play, it has a mid term single bottom top target to 37+/-. Making it a reversal type "V" bottom. But no gap magnets above, pulling at it. So second "V" bottom target may be it. http://stockcharts.com/h-sc/ui?s=SBGI&p=D&b=7&g=3&id=p10660515453
V bottoms normally continue past top resistance target some and throws back, then continue up with new target,. So once top resistance target is reached. Their usually good for re-entry. I personally conceder the pattern a bear flag until 61% FIBs retracement is broken. My personal entry point, which is late per many others with higher risk level. I just don't like testing a bear flag till it had those 4 resistance levels below.
"V" bottoms can be either reversal or continuation patterns depending on prior trend. A versatile little pattern. Both reversal or continuation, Plus 2 trading targets.
Pardon the French, but it's the best example I've found visually.
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