Stock Chart Analysis DISH

Posted by downtowntrader | 10/15/2007 04:21:00 PM | 0 comments »

Stock Chart Analysis DISH

EchoStar Communications (Public, NASDAQ:DISH)

DISH broke to multiyear highs in April before succumbing to market weakness. After a healthy consolidation they raced towards new highs once again a few weeks ago. They have been trading sideways for a few sessions now, and it looks like demand is simply overwhelming supply in this stock. I wouldn't be surprised if DISH was headed towards it's all time high in the 80's on longer timeframes. In the near term, I'm looking to see if DISH can close over 50 which should lead to further strength.

Good Trading,


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