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TMCNet:  DISH Network Rises 1.15% on Heavy Volume: Watch For Potential Pullback

[January 29, 2013]

DISH Network Rises 1.15% on Heavy Volume: Watch For Potential Pullback

Jan 29, 2013 (SmarTrend(R) News Watch via COMTEX) -- DISH Network (NASDAQ:DISH) traded in a range yesterday that spanned from a low of $37.31 to a high of $38.10. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $37.85 on volume of 3.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

DISH Network share prices have moved between a 52-week high of $38.10 and a 52-week low of $20.89 and are now trading 82% above that low price at $37.94 per share. The 200-day and 50-day moving averages have moved 0.24% higher and 0.28% higher over the past week, respectively.

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 11.9%. 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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