Dish Network Corp. (DISH) was a big mover last session, as the company saw its shares rise by 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $47.50 to $49.28 in the past one-month time frame.
The company has not seen any estimate revision in the past two months, while its Zacks Consensus Estimate moved higher over the same period, suggesting that more solid trading could be ahead for Dish Network. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Dish Network currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Some better performing cable TV stocks include AO Smith Corp. (AOS), Blueknight Energy Partners, L.P. (BKEP) and AMR Corporation (AAMRQ). All these stocks carry a Zacks Rank #1 (Strong Buy).
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