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DISH Breakdown Before Earnings - Ominous Sign

Published 02/20/2013, 12:43 AM
Updated 07/09/2023, 06:31 AM
DISH
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DISH
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Earnings are always a 50/50 gamble, but seeing a stock break a key level the day before an earnings report should worry long investors. In a strong market, DISH Network Corp. (DISH) is trading sharply lower at $36.37, -0.56 (-1.53%). Not only is the stock down ahead of earnings, but the daily chart looks to close below the significant 50 moving average for the first time in 2013. This could be a warning sign ahead of earnings to be careful. Earnings are set to be reported tomorrow morning before the market open. Analysts are expecting earnings of $0.52 per share.

Disclosure: This is a current short swing trade in the Research Center. It is in the money.
DISH

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