• Return to Headlines

Watch for Dish Network-A to Potentially Pullback After Gaining 3.27% Yesterday

By Nick Russo

Dish Network-A (NASDAQ:DISH) traded in a range yesterday that spanned from a low of $32.54 to a high of $33.52. Yesterday, the shares gained 3.3%, which took the trading range above the 3-day high of $32.60 on volume of 1.9 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 is monitoring the recent change of momentum in Dish Network-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Dish Network-A in search of a potential trend change.

Over the past year, Dish Network-A has traded in a range of $28.80 to $66.50 and is now at $33.39, 16% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.9%.

Keywords: rebounders dish network-a

Ticker(s): DISH