Talking Numbers

This could be the most disruptive company in media

Talking Numbers

This could be the most disruptive company in media

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This could be the most disruptive company in media

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A new deal struck by Disney and Dish Network means you can watch ESPN while relaxing by the pool or sitting in church at your brother-in-law's wedding.

The agreement allows Disney content – properties like ABC, ESPN, and the Disney Channel – to be streamed to Dish Network subscribers either at home or on mobile devices like tablets and smartphones. It is considered the first of its kind for a major content provider and a carrier.

That has competitors to both companies scrambling to play catch-up. CBS is reportedly looking for new ways to get its content to viewers while Dish Network's rival Verizon is said to be on the market for content.

(Read: Verizon in talks with content providers for online video service)

"This is potentially groundbreaking," says CNBC contributor Gina Sanchez, founder of Chantico Global. "The service that they're offering is something called 'Over the Top' service (OTT). This puts Dish right at the front of the race for offering pay TV over the Internet."

However, Dish Network is dependent on cable companies like Comcast (parent company of NBC) to provide high-speed internet access, says Sanchez. To get around its dependency, Dish is talking to Sprint, she says.

"It offers a very low-cost solution with very high quality content," says Sanchez of Dish Network's plans. "I think that this is going to be a really hot selling item. [Dish is] still in conversation right now with other providers of content. But, once they get that package together, I think it could be really compelling."

(Watch: Dish eyes Internet TV services in landmark Disney deal)

Talking Numbers contributor Richard Ross, Global Technical Strategist at Auerbach Grayson, believes the charts agree with Sanchez.

"It seems like we're in a golden age for tech, media, and telecom," says Ross. "Seemingly, a new deal [is] announced, whether it's content or distribution, on a daily basis. The chart of Dish bears that trend out – what we see is just a textbook bull trend here."

Dish Network's stock is up 74% in the past twelve months. For much of that time, it has traded above its 50-day moving average and along an uptrend line. Ross sees that it also recently broke through an ascending triangle pattern that formed over the last couple of months.

"This is a bullish continuation pattern," says Ross. "We should continue going in the direction that we've been going in, which is higher."

The longer-term chart is also bullish, according to Ross. "While we're at an all-time high, we broke out last year from a seven-year base of support," he says. "That should provide a solid foundation for significant upside from current levels. I think we track that well-defined trend channel and we trade $70. I would continue to be a buyer of the stock."

To see the full discussion on what's next for Dish Network with Sanchez on the fundamentals and Ross on the technicals, watch the video above.

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