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Watch for Dish Network-A to Potentially Pullback After Gaining 2.28% Yesterday

By James Quinn

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, Dish Network-A share prices have been bracketed by a low of $28.93 and a high of $66.50 and are now at $32.78, 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.7%.

Keywords: rebounders dish network-a

Ticker(s): DISH