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TMCNet:  Look for Shares of DISH Network to Potentially Rebound after Yesterday's 1.02% Sell Off

[January 08, 2013]

Look for Shares of DISH Network to Potentially Rebound after Yesterday's 1.02% Sell Off

Jan 08, 2013 (SmarTrend(R) News Watch via COMTEX) -- DISH Network (NASDAQ:DISH) traded in a range yesterday that spanned from a low of $35.57 to a high of $36.60. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $36.28 on volume of 3.0 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 8.4%. We continue to monitor DISH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

DISH Network share prices have moved between a 52-week high of $37.92 and a 52-week low of $20.89 and are now trading 72% above that low price at $35.97 per share. The 200-day and 50-day moving averages have moved 0.25% higher and 0.13% higher over the past week, respectively.

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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