Sunday, October 23, 2011
In the Zone
$SATS - Echo star Holding Corp.
EchoStar Corporation engages in the design, development, and distribution of digital set-top boxes and related products for direct-to-home satellite and cable providers.
It offers digital set-top boxes and related products and technology, including Slingbox placeshifting technology, primarily for satellite television (TV) service providers, and telecommunication and cable companies, which allow consumers to watch and control their home digital video and audio content through a broadband Internet connection; and Slingboxes for consumers through retail outlets.
The company also provides digital broadcast operations, including satellite uplinking/downlinking, transmission services, signal processing, conditional access management, and other services primarily to DISH Network.
In addition, it offers satellite services, including capacity leasing on a full-time and occasional-use basis primarily to DISH Network, as well as to Dish Mexico, the U.S. government service providers, state agencies, Internet service providers, broadcast news organizations, programmers, and private enterprise customers through which its 10 owned and leased in-orbit satellites and related Federal Communications Commission licenses.
Further, the company uses certain of its satellites to offer ViP-TV service, which transports MPEG-4 IP encapsulated standard-definition and high-definition programming on behalf of telecommunications companies and rural cable operators. It has operations in North America, Europe, Asia, South America, and the Middle East. EchoStar Corporation was founded in 2007 and is headquartered in Englewood, Colorado.
Please keep EchoStar Corporation on your watch list for a prive move to the upside between $25.55 - $25.60 on heavier than average daily trading volume of 201,380.
As the week came to a end EchoStar Corporation closed to end the week trading at $25.25 up $0.32 or +1.28% on lighter than average weekly upside trading volume of 995,657. The average weekly trading volume for EchoStar Corporation is 1,09 million.
This stock is not a buy recommendation please do your own due diligence or get help from a professional before trading.
By: Marlin Rolle
*** Please have a close look at the charts listed below ****