Time to Give DISH Network a Look

I talked about not wanting to chase the last few days. I probably should have pivoted a bit harder given the action today, but it can be hard to break from momentum cold turkey. It's not like we are getting slaughtered or anything. Today, we're seeing a rotation into the beaten down staples and some old school names.

While I've been a big fan of Roku (ROKU) , it might be time to give DISH Network (DISH) and its Sling TV offering a look. Two insiders recently scooped up over $3 million in stock as shares traded around $29. It appears as if those buys have put a temporary bottom in place for the stock. The price has pushed above the falling wedge. We can see a solid trend higher in the Chaikan Money Flow despite the stock being near lows. A push above $33 paves the way to $37 although I imagine the 50-day simple moving average just above $34....119 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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