Don't Ignore This Chart!

Echostar Hits the P&F Triple Top Breakout Scan $SATS


The Nasdaq Point & Figure Triple Top Breakout scan featured over 200 stocks on Friday morning. The chart below shows Echostar (SATS) breaking resistance marked by five columns of X's, which previous reversed at 22. This breakout is P&F bullish with a price objective (PO) of 29. 

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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