NFV NEWS

TMCNet:  DISH Network Set to Possibly Pullback After Yesterday's Rally of 3.15%

[December 20, 2012]

DISH Network Set to Possibly Pullback After Yesterday's Rally of 3.15%

Dec 20, 2012 (SmarTrend(R) News Watch via COMTEX) -- DISH Network (NASDAQ:DISH) traded in a range yesterday that spanned from a low of $35.68 to a high of $36.83. Yesterday, the shares gained 3.1%, which took the trading range above the 3-day high of $36.60 on volume of 4.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


DISH Network share prices have moved between a 52-week high of $37.92 and a 52-week low of $20.89 and are now trading 76% above that low price at $36.71 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.8%.

SmarTrend recommended that subscribers consider buying shares of DISH Network on October 11th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.53. Since that recommendation, shares of DISH Network have risen 6.2%. We continue to monitor DISH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To NFVZone's Homepage ]