• Return to Headlines

Watch for Echostar Corp-A to Potentially Rebound After Falling 5.42% Yesterday

By David Diaz

Echostar Corp-A (NASDAQ:SATS) traded in a range yesterday that spanned from a low of $35.90 to a high of $37.48. Yesterday, the shares fell 5.4%, which took the trading range below the 3-day low of $38.00 on volume of 566,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Echostar Corp-A on September 24th, 2018 by issuing a Downtrend alert when the shares were trading at $45.97. Since that call, shares of Echostar Corp-A have fallen 16.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Echostar Corp-A share prices have been bracketed by a current low of $35.90 and a high of $62.29 and are now at $36.20. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 0.8%.

Keywords: rebounders echostar corp-a

Ticker(s): SATS