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DISH Network: 52-Week High Recently Eclipsed (DISH)

By James Quinn

Shares of DISH Network (NASDAQ:DISH) traded today at $61.46, breaking its 52-week high. So far today approximately 512,000 shares have been exchanged, as compared to an average 30-day volume of 2.6 million shares.

DISH Network Corp. provides a direct broadcast satellite subscription television service in the United States.

In the past 52 weeks, DISH Network share prices have been bracketed by a low of $33.79 and a high of $61.46 and are now at $61.27, 81% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.6%.

DISH Network (NASDAQ:DISH) defies analysts with a current price ($61.27) 5.6% above its average consensus price target of $57.86. The stock should find initial support at its 50-day moving average (MA) of $56.93 and further support at its 200-day MA of $48.72.

SmarTrend recommended that subscribers consider buying shares of DISH Network on February 6th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $57.69. Since that recommendation, shares of DISH Network have risen 4.8%. 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

Ticker(s): DISH