Dish Network (
DISH) provides a direct broadcast satellite subscription television service in the U.S. This stock closed up 5% at $47.98 in Wednesday's trading session.
Wednesday's Volume: 6.73 million
Three-Month Average Volume: 2.49 million
Volume % Change: 170%
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From a technical perspective, DISH ripped sharply higher here right off its 50-day moving average of $45.44 with strong upside volume. This move pushed shares of DISH into breakout territory, since the stock took out some near-term overhead resistance at $47.31. Shares of DISH are now quickly moving within range of triggering another big breakout trade. That trade will hit if DISH manages to clear some near-term overhead resistance levels at $48.30 to its 52-week high at $49.44 with high volume.
Traders should now look for long-biased trades in DISH as long as it's trending above its 50-day at $45.44 or above more near-term support at $45 and then once it sustains a move or close above those breakout levels with volume that's near or above 2.49 million shares. If that breakout hits soon, then DISH will set up to enter new 52-week-high territory above $49.44, which is bullish technical price action. Some possible upside targets off that breakout are $55 to $60.
) manufactures mounted tire and wheel systems for off-highway equipment used in agriculture, construction, mining, military, recreation and grounds care. This stock closed up 2.8% at $15.52 in Wednesday's trading session.
Wednesday's Volume: 1.60 million
Three-Month Average Volume: 834,547
Volume % Change: 125%
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From a technical perspective, TWI trended modestly higher here with above-average volume. This stock has been downtrending for the last month and change, with shares moving lower from its high of $17.75 to its recent low of $14.14. During that downtrend, shares of TWI have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of TWI have now started to rebound off that $14.14 low and move within range of triggering a near-term breakout trade. That trade will hit if TWI manages to take out some near-term overhead resistance levels at its 50-day moving average of $16.21 to more resistance at $16.33 with high volume.
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