NRPICKS_

Buy $SATS - NRPicks Feb 14

Long
NASDAQ:SATS   EchoStar Corporation
EchoStar Corporation, together with its subsidiaries, provides broadband satellite technologies and broadband Internet services worldwide. It operates in two segments, Hughes and EchoStar Satellite Services (ESS). The Hughes segments offers broadband satellite technologies and Internet services for home and small to medium-sized businesses, and satellite services; and broadband network technologies, managed services, equipment, hardware, satellite services, and communication solutions for aeronautical and government enterprises, as well as consumers. This segment also designs, provides, and installs gateways and terminal equipment for other satellite systems; and provides satellite ground segment systems and terminals to mobile system operators and enterprise customers. The ESS segment provides satellite services using its owned and leased in-orbit satellites and related licenses on a full-time and/or occasional-use basis to the United States government service providers, Internet service providers, broadcast news organizations, content providers, and private enterprise customers.

Technicals:
Bullish channel forming
Probable momentum at MA 50
Volumen promedio change +3x ( 3M )
Elliot wave impulse to $28

There is a lot of expectation with stocks related to space services. Wallstreet has shown interest in this type of stocks in recent years, and much more in 2020. Exchange-traded funds containing these types of stocks have been opened.
Trade closed: stop reached: 22 Feb