DIRECTV provides digital television entertainment primarily in the
United States and Latin America. The company engages in acquiring,
promoting, selling, and distributing digital entertainment programming
primarily via satellite to residential and commercial subscribers. It
offers direct-to-home digital television services, as well as
multi-channel video programming distribution services under the DIRECTV
and SKY brands. The company provides various channels of digital-quality
video entertainment and CD-quality audio programming directly to
subscribers' homes or businesses, including approximately 170 national
high-definition television channels and 4 3D channels; and
video-on-demand service, which provides movie and television programs to
broadband-connected subscribers. It also provides premium professional
and collegiate sports programming, such as the NFL SUNDAY TICKET package
that allows subscribers to view the NFL games. In addition, the company
owns and operates three regional sports television networks based in
Seattle, Washington; Denver, Colorado; and Pittsburgh, Pennsylvania
under the ROOT SPORTS brand name.
To review DIRECTV's stock, please take a look at the 1-year chart of DTV (DIRECTV) below with my added notations:
From March until early August, DTV created a key resistance level at $50
(navy). That resistance level was a 52-week high breakout when the
stock shot higher in mid-August. That breakout was a sign that the stock
should be moving higher, which the stock did do. Now that DTV is
pulling back, the old $50 resistance should provide support for the
stock.
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