DISH Watch

The satellite TV program distributor DISH Network Corp. (DISH) shows a parabolic sar bull signal after an appeals court reversed a patent ruling favorable TiVo in a lawsuit brought by DISH and others.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
$23.19

At 12:19 p.m. Eastern

The DISH price bumped 10% over Thursday's close before giving up nearly half of that as the initial exuberance faded. (I presume because people actually read the ruling -- what a concept!)

DISH has been in an uptrend since November 2008, and today's move, by pushing to a higher high, keeps the uptrend intact.

The stock is trading in an area of price congestion set in the summer and fall of 2008, so it's not clear sailing to the upside.

Reversal Levels

• $31.98, +37.9%
• $29.25, +26.1%
• $24.16, +4.2%
• $23.19 <== You are here.


• $22.16, -4.4% (20-day moving average)


• $20.67, -10.9%

Despite the congestion, the reversal levels are widely spaced. For my own account, I find DISH interesting as a directional bull play, after a retest of the 20-day moving average, about 4% below the present level.

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Skynet Panic of May 6 Panic Looks Like This Skynet Panic Poisons Technical Tools Abbreviations: psar - Parabolic Stop and Reverse adx - Average Directional Index pps - Person's Proprietary Signal ma20 - 20-day moving average macd - Moving Average Convergence-Divergence mfi - Money Flow Index sto - Fast Stochastic About the glance: The colors indicate the state of each signal.

• trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
• adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.

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