SATS Crosses Below Key Moving Average Level

In trading on Thursday, shares of EchoStar Corp (SATS) crossed below their 200 day moving average of $49.45, changing hands as low as $48.71 per share. EchoStar Corp shares are currently trading down about 1.7% on the day. The chart below shows the one year performance of SATS shares, versus its 200 day moving average:

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EchoStar Corp 200 Day Moving Average Chart

Looking at the chart above, SATS's low point in its 52 week range is $42.69 per share, with $53.73 as the 52 week high point — that compares with a last trade of $48.95.

According to the ETF Finder at ETF Channel, SATS makes up 2.91% of the iShares North American Tech-Multimedia Networking ETF ( IGN) which is trading lower by about 1.6% on the day Thursday.

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