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Discovery Comm-A Bearish Moving Average Crossover Alert (DISCA)

By Shiri Gupta

Today, shares of Discovery Comm-A (NASDAQ:DISCA) have crossed bearishly below their 10-day moving average of $29.88 on a volume of 428K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Discovery Comm-A share prices have moved between a 52-week high of $34.89 and a 52-week low of $20.59 and are now trading 44% above that low price at $29.71 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

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

Keywords: moving crosses discovery comm-a

Ticker(s): DISCA