Trading Lower on Heavy Volume are Shares of DISH Network on 1.3x Above-Average Volume (DISH)

Published on Fri, 07/17/2015 - 13:42
By Mallory Stone in Unusual volume, DISH, dish network, nasdaq:dish, unusual volume

Shares of DISH Network are trading today in above average volume, with the share price falling 1.3% to $65.86. Approximately 2.3 million shares have changed hands today vs. average 30-day volume of 1.8 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

Over the past year, DISH Network has traded in a range of $56.17 to $80.75 and is now at $65.86, 17% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

DISH Network Corp. provides a direct broadcast satellite subscription television service in the United States.

Potential upside of 26.3% exists for DISH Network, based on a current level of $65.86 and analysts' average consensus price target of $83.15. The stock should run into initial resistance at its 50-day moving average (MA) of $69.61 and subsequent resistance at its 200-day MA of $70.14.

By Mallory Stone
mstone@fnno.com

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