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Shares of Dish Network-A Has Risen Above Previous 52-Week High

By Shiri Gupta

Shares of Dish Network-A (NASDAQ:DISH) traded today at $66.50, breaking its 52-week high. This new high was reached on below average trading volume as 139,000 shares traded hands, while the average 30-day volume is approximately 2.4 million shares.

DISH Network Corp. provides a direct broadcast satellite subscription television, audio programming, and interactive television services to commercial and residential subscribers in the United States.

Dish Network-A share prices have moved between a 52-week high of $66.50 and a 52-week low of $48.51 and are now trading 36% above that low price at $65.98 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has remained constant.

There is potential upside of 16.7% for shares of Dish Network-A based on a current price of $65.98 and an average consensus analyst price target of $77.03. The stock should discover initial support at its 200-day moving average (MA) of $55.69 and subsequent support at its 50-day MA of $47.52.

SmarTrend is tracking the current trend status for Dish Network-A and will alert subscribers who have DISH in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows dish network-a

Ticker(s): DISH