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SmarTrend Watching for Potential Rebound in Shares of DISH Network After 2.58% LossNov 27, 2012 (SmarTrend(R) News Watch via COMTEX) -- DISH Network (NASDAQ:DISH) traded in a range yesterday that spanned from a low of $34.30 to a high of $35.29. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $34.36 on volume of 5.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision. SmarTrend recommended that subscribers consider buying shares of DISH Network on October 11th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.53. Since that recommendation, shares of DISH Network have risen 5.3%. We continue to monitor DISH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Over the past year, DISH Network has traded in a range of $20.89 to $36.68 and is now at $34.39, 65% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.3%. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |