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Discovery Comm-A: The Losing Streak Continues (DISCA)

By James Quinn

Discovery Comm-A (NASDAQ:DISCA) traded at a new 52-week low today of $22.82. This new low was reached on below average trading volume as 400,000 shares traded hands, while the average 30-day volume is approximately 2.8 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-A has overhead space with shares priced $22.99, or 19.7% below the average consensus analyst price target of $28.63. The stock should run into initial resistance at its 50-day moving average (MA) of $27.94 and subsequent resistance at its 200-day MA of $28.07.

In the past 52 weeks, Discovery Comm-A share prices have been bracketed by a current low of $22.82 and a high of $30.25 and are now at $22.99. The 200-day and 50-day moving averages have moved 0.41% lower and 0.53% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Discovery Comm-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Discovery Comm-A in search of a potential trend change.

Keywords: 52 week high/lows discovery comm-a

Ticker(s): DISCA