EchoStar (SATS, $31.23) price may drop as it broke higher Bollinger Band on Feb 28, 2025

#TelecommunicationsEquipment, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MidCap, #Russel2000
SATS - EchoStar Corp
Bollinger signal
Bearish Trend
78%
Odds of DOWN Trend
Price: $31.23
Daily change: +$0.82 (+2.7%)
Daily volume: 4.4M
Capitalization: $9B
Industry: Telecommunications Equipment

This price move could be a signal that SATS may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 41 similar cases where SATS's price broke its higher Bollinger Band, and 32 of them led to a successful outcome. Odds of Success: 78%.