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NewroadTrader
Mar 28, 2021 8:12 PM

Buy $SATS - NRPicks 28 Mar Long

EchoStar CorporationNASDAQ

Description

EchoStar Corporation, together with its subsidiaries, provides broadband satellite technologies and broadband Internet services. It operates in two segments, Hughes and EchoStar Satellite Services (ESS).

SATS is a company that maintains a hefty debt of 2.39B, however, it maintains 2.5B cash to offset that burden so in the short term it shouldn't mean a problem.

As for the technical, the company showed signs of a trend shift from bearish to bullish in March and settled at a key level close to $24

- Revenue 1.8B
- Cash 2.5B
- Total debt/ebitda 6.22x

Technical:
- average RSI levels
- Key support at $23.73
- Price on MA50 daily
- MACD Level (12, 26) -0.32

Trade closed manually

10 May
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