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Discovery Comm-C Bullish Moving Average Crossover Alert (DISCK)

By James Quinn

Discovery Comm-C (NASDAQ:DISCK) shares have crossed bullishly above their 10-day moving average of $25.92 on a volume of 195K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Discovery Comm-C share prices have moved between a 52-week high of $31.55 and a 52-week low of $19.25 and are now trading 35% above that low price at $26.02 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Discovery Comm-C on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $27.30. Since that call, shares of Discovery Comm-C have fallen 6.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses discovery comm-c

Ticker(s): DISCK