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Dish Network-A Set to Possibly Pullback After Yesterday's Rally of 2.28%

By Nick Russo

Dish Network-A (NASDAQ:DISH) traded in a range yesterday that spanned from a low of $31.96 to a high of $32.86. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $32.03 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Dish Network-A on December 27th, 2017 by issuing a Downtrend alert when the shares were trading at $48.03. Since that call, shares of Dish Network-A have fallen 33.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Dish Network-A have traded between a low of $28.93 and a high of $66.50 and are now at $32.78, which is 13% above that low price. 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.

Keywords: rebounders dish network-a

Ticker(s): DISH