• Return to Headlines

Discovery Comm-C: The Losing Streak Continues (DISCK)

By Shiri Gupta

Discovery Comm-C (NASDAQ:DISCK) traded today at a new 52-week low of $20.85. So far today approximately 158,000 shares have been exchanged, as compared to an average 30-day volume of 1.8 million shares.

Discovery Communications, Inc. provides non-fiction entertainment. The Company operates a wide range of educational television channels as well as offers consumer and educational products and services, and a diversified portfolio of digital media services.

Discovery Comm-C has overhead space with shares priced $20.90, or 27.9% below the average consensus analyst price target of $29.00. The stock should run into initial resistance at its 200-day moving average (MA) of $26.79 and subsequent resistance at its 50-day MA of $27.00.

Discovery Comm-C share prices have moved between a 52-week high of $29.18 and the current low of $20.85 and are currently at $20.90 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Discovery Comm-C on July 31st, 2017 by issuing a Downtrend alert when the shares were trading at $23.88. Since that call, shares of Discovery Comm-C have fallen 12.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows discovery comm-c

Ticker(s): DISCK