Last up this week is a recap from last week's column: Dish Network (DISH - Get Report). Last week, shares were pushing through a breakout level, and I suggested, "taking a long position in shares for a short-term trade," as shares worked their way to the $28 resistance level set back in June -- the nearest price target in shares.
Sure enough, the trade was textbook. Shares moved from that breakout level to the $28 price target, and hit their head on resistance there. Traders who put a stop just below that $28 level would have raked in 7% gains on the trade in the last week. If you're still holding onto shares for some reason, it's certainly time to get out.
To see this week's potential trades in action, check out the High Volume Technicals portfolio on Stockpickr.-- Written by Jonas Elmerraji in Baltimore.
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