ECHOSTAR COMMUN CORP
(DISH-Nasdaq):
Technical Viewpoint: From a low
of $31 1/2 on Jul 5, 2000 prices
rallied, reaching a
high of $45 7/8
on Jul 21, 2000. A
decline saw prices pull back, reaching a
low of
$35.61 on Jul 28, 2000.
Another rally saw prices penetrate
resistance, closing 8/22/00
at $43.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 22, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $38.00. Resistance: Is at $45 7/8.
Point & Figure: Reversed to the upside on Aug 18, 2000. A P&F upside
reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! ECHOSTAR COMMUN CORP
(DISH-Nasdaq) @ $44 5/8 Stop: Use a protective stop of $41 7/8.
ECHOSTAR COMMUN CORP is currently trading @ $43.94 plus $2.78 on Aug 22, 2000. Price Objective:
$68.00. Risk/Reward: $2 3/4 VS. $23 3/8. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$68.00
Risk/Reward:
$2 3/4 VS. $23 3/8
Risk/Reward Ratio:
8:1
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