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Bearish Moving Average Cross by Discovery Communications (DISCA)

By Amy Schwartz

Today, shares of Discovery Communications (NASDAQ:DISCA) have crossed bearishly below their 10-day moving average of $25.78 on a volume of 740K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Discovery Communications has traded in a range of $23.66 to $34.94 and is now at $25.41, 7% above that low. The 200-day and 50-day moving averages have moved 0.41% lower and 0.53% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Discovery Communications and will alert subscribers who have DISCA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Discovery Communications

Ticker(s): DISCA