DISH Network: 52-Week High Recently Eclipsed (DISH)
Shares of DISH Network (NASDAQ:DISH) traded at a new 52-week high today of $45.29. This new high was reached on below average trading volume as 931,000 shares traded hands, while the average 30-day volume is approximately 2.7 million shares.
DISH Network Corp. provides a direct broadcast satellite subscription television service in the United States.
Over the past year, DISH Network has traded in a range of $20.89 to $45.29 and is now at $45.22, 116% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.5%.
DISH Network (NASDAQ:DISH) is currently priced 7.8% above its average consensus analyst price target of $41.71. The stock should discover initial support at its 50-day moving average (MA) of $40.12 and subsequent support at its 200-day MA of $37.09.
SmarTrend recommended that subscribers consider buying shares of DISH Network on March 20th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.92. Since that recommendation, shares of DISH Network have risen 24.3%. We continue to monitor DISH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows Dish Network