Crown Media Holdings, Inc. operates the Hallmark Channel, the Hallmark Movie Channel, and the Hallmark Movie Channel HD that provide entertainment programming for adults and families. The company's channels offer a range of entertainment programming, including television series, movies, miniseries, theatricals, romances, literary classics, and contemporary stories. As of December 31, 2008, the Hallmark Channel had approximately 85.5 million subscribers and the Hallmark Movie Channel had approximately 14.5 million subscribers. The company was founded in 1999 and is based in Studio City, California. As of July 29, 2001, Crown Media Holdings, Inc. operates as a subsidiary of RHI Entertainment, Inc.

PennyProphet.com issued a technical alert on CRWN for a few reasons. From a technical standpoint, CRWN is showing bullish indicators on the daily chart. CRWN's current closing price of $1.84/share is sitting on the 50 day moving average as support at the moment. Recent consolidation in the $1.70 range has provided support and limits the potential downside of the security. The 200 day moving average is sitting just slightly above at $2.01/share which if broken could indicate a breakout and serve as future support.

The equity has been trading in a tight channel and can move to the upside rapidly as 24% of the 15M share float is currently sold short, as indicated by www.shortsqueeze.com. Any upside could be huge because short positions will need to be covered, increasing the amount of buying pressure and in return rising the PPS value of CRWN's security.

Crown Media Holdings, Inc. is planning to release their Q3 2009 earnings on Thursday, November 5th. CRWN's earnings are speculative, but are estimated as decent based on their previous earnings and subscriber growth as shown in their Q2 2009 earnings. Revenues only decreased slightly but cost of operations has decreased. The net loss for the six month period ended June 30, 2009, totaled $12.8 million, or $0.12 per share, compared to $20.6 million, or $0.20 per share, in the same period of 2008. This could mean that Q3 2009's earnings could be better than expected.

PennyProphet.com never recommends holding through earnings, regardless if they may be good or not, but rather the pre-earnings run ups and the speculative idea that there may be a blowout earnings release. Decent earnings are also speculated based on Gray Television, Inc.'s(Nasdaq: GTN) recent earnings release that showed a possible recovery in the CATV sector and guidance suggesting increased advertising revenue and potential subscriber growth in the CATV Systems industry. GTN was an over 600% gainer following PennyProphet.com's alert a couple of months back.

Crown Media Holdings, Inc.'s competitors in the CATV Industry include TiVo, Inc., DISH Network Corp, Comcast Corporation, Viacom Inc., Virgin Media, Inc., and Time Warner Cable Inc.

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