EchoStar Stock Just Broke Above Its 50-Day Moving Average on SpaceX IPO Hype. Does That Make SATS a Buy?

EchoStar (SATS) stock rallied as much as 12% on Wednesday following reports that SpaceX plans on filing for an initial public offering (IPO) as early as next week. The surge pushed SATS well past its 50-day moving average (MA) this morning, signaling upward momentum may continue in the near term. Despite today’s gains, EchoStar stock remains down nearly 10% versus its YTD high in January. More News from Barchart www.barchart.com Significance of SpaceX IPO For EchoStar Stock SATS shares soared on Marc ...