One leading communications stock that has been under pressure over the past two months is DISH Network Corp(NASDAQ:DISH). This stock peaked out in July around the $66.50 level. Since that peak the share price has fallen down to $52.55. Unfortunately, the pattern in the stock tells me that there is further downside in the shares before it makes a significant bottom. My downside projection tells me that the shares of DISH will likely decline into the $46.50 area. This is a level that should be defended by the institutional money. Keep this stock on the radar as I will likely be a buy(long trade) around this area.
Nicholas Santiago
InTheMoneyStocks
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