Technicalspeculator.com’s Trade-of-the-Week: DISH Network Corp. (DISH)

By Tech_Spec Forbidden
15-July-2019 5:05:57 PM
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This week’s trade comes the communication services sector, the entertainment industry of NASDAQ.  Highlights on this trade are the breakout of a prolonged base and the very reasonable trailing P/E multiple.  Also, being in the right sector for this market – discretionary.  Below are the key fundamentals and technicals.  Enjoy!

Company profile:   DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages. The company also provides access to movies and TV shows through TV or Internet-connected tablets, smartphones, and computers; and dishanywhere.com and mobile applications for smartphones and tablets to view authorized content, search program listings, and remotely control certain features. In addition, it offers Sling TV services, including Sling International, Sling Latino, Sling Orange, and Sling Blue services that require an Internet connection and are available on streaming-capable devices, such as TVs, tablets, computers and game consoles.

 

Fundamentals:

Trailing P/E: 14.19, Forward P/E: 21.36

EPS: 2.95, Beta: 1.49

PEG: -0.63,

P/S: 1.47, P/B: 2.19

Profit margin: 11.59%, Operating margin: 15.54%

ROA: 4.19%, ROE: 19.02%

Qrtly earnings growth: -7.60%

Current ratio: 0.73

Additional fundamental data: https://finance.yahoo.com/quote/DISH/key-statistics?p=DISH

 

Technicals:

Recently broke out of a 15-month base

New 52-week high

Buying momentum (RSI) is overbought, Buying volume is neutral

A 1st support level is at $37.50, The safety stop is at $35.75

The target is $47.50

Suggested buying approach: As DISH is now overbought, buy a half position now.  If the stock pulls back, wait for confirmation of support and then add the second half position.  Always use a 3% trailing stop.

 

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Author: Tech_Spec

Canada’s only Master of Financial Technical Analysis (MFTA). This 4 – 5 year program offered by the International Federation of Technical Analysts (IFTA) in England is regarded as the global standard. • Instructor of Technical Analysis for the Canadian Securities Institute (CSI). My role is teaching market analysis to industry professionals. • Financial Technical Analyst offering 25 years experience in the financial and investment service industry. • Editor and owner of the Technicalspeculator.com, an on-line independent financial market research and newsletter website. • Registered Securities Advisor

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