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Dish Network Corp (DISH -$0.21 or -0.66% to $31.38) edged lower today on light volume. It remains within 5% of its pivot point, not too extended from its latest base. Prior highs in the $30 area define initial support to watch on pullbacks. It was featured in yellow in the 3/07/12 mid-day report (read here) with a pivot point cited based on its 1/19/12 high plus 10 cents. It finished that session with a gain backed by 2 times average volume as it hit a new 52-week high, rising from an orderly consolidation above its 50-day moving average (DMA) line, triggering a technical buy signal.

Its quarterly earnings increases in recent comparisons have been above the +25% guideline satisfying the C criteria. No resistance remains due to overhead supply. Its prior earnings history included a downturn in FY '09, a flaw with respect to the A criteria. Increasing ownership by top-rated funds rose from 598 in Mar '11 to 761 in Dec '11, a reassuring concerning the I criteria.