ECHOSTAR COMMUNICATIONS CORP
(DISH-Nasdaq):
Technical Viewpoint: From a low
of $19.03 on Dec 9, 2002 prices
rallied, reaching a
high of $27.47
on Jan 13, 2003. A
decline saw prices pull back, reaching a
low of
$23.04 on Jan 27, 2003.
Another rally saw prices penetrate
resistance, closing 2/18/03
at $26.33. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 23, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $24.25. Resistance: Is at $27.47.
Point & Figure: Reversed to the upside on Feb 18, 2003. A P&F upside
reversal takes place at $25.00. Summary: Technical indicators have turned bullish. BUY! ECHOSTAR COMMUNICATIONS CORP
(DISH-Nasdaq) @ $26.63 Stop: Use a protective stop of $24.63.
ECHOSTAR COMMUNICATIONS CORP is currently trading @ $26.33 plus $1.23 on Feb 18, 2003. Price Objective:
$35.00. Risk/Reward: $2.00 VS. $8.38. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$35.00
Risk/Reward:
$2.00 VS. $8.38
Risk/Reward Ratio:
4:1
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