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Dish Network-A Rises 3.07% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Dish Network-A (NASDAQ:DISH) traded in a range yesterday that spanned from a low of $35.46 to a high of $36.54. Yesterday, the shares gained 3.1%, which took the trading range above the 3-day high of $35.72 on volume of 944,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Dish Network-A have traded between a low of $28.80 and a high of $66.50 and are now at $36.20, which is 26% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.3%.

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: rebounders dish network-a

Ticker(s): DISH