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TMCNet:  Earnings Flashback: Since Reporting Quarterly Results 1 Week Ago DISH Network Is Down 1.3% (DISH)

[November 19, 2012]

Earnings Flashback: Since Reporting Quarterly Results 1 Week Ago DISH Network Is Down 1.3% (DISH)

Nov 19, 2012 (SmarTrend(R) News Watch via COMTEX) -- When DISH Network (NASDAQ:DISH) reported earnings a week ago on November 6th, 2012, analysts, on average, expected the company to report earnings of $0.56 on sales of $3.6 billion. DISH Network actually reported earnings of $0.70 per share on sales of $3.5 billion, beating EPS estimates by $0.14 and missing revenue estimates by $40.1 million. Since the company's report, shares of DISH Network have fallen from $36.00 to $35.55, representing a loss of 1.3% in the past 13 days.

In the past 52 weeks, shares of DISH Network have traded between a low of $20.89 and a high of $36.68 and are now at $35.55, which is 70% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

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 6.0%. We continue to monitor DISH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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