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Discovery Comm-A: New 52-Week Low Set Today (DISCA)

By Shiri Gupta

Discovery Comm-A (NASDAQ:DISCA) traded today at a new 52-week low of $22.07. So far today approximately 303,000 shares have been exchanged, as compared to an average 30-day volume of 2.8 million shares.

In the past 52 weeks, shares of Discovery Comm-A have traded between the current low of $22.07 and a high of $30.25 and are now at $22.09. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.5%.

There is potential upside of 29.6% for shares of Discovery Comm-A based on a current price of $22.09 and an 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.

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.

SmarTrend recommended that its subscribers protect gains by selling shares of Discovery Comm-A on August 1st, 2017 by issuing a Downtrend alert when the shares were trading at $24.55. Since that call, shares of Discovery Comm-A have fallen 9.7%. 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-a

Ticker(s): DISCA