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

By Nick Russo

Discovery Comm-A (NASDAQ:DISCA) traded at a new 52-week high today of $31.65. Approximately 1.5 million shares have changed hands today, as compared to an average 30-day volume of 3.4 million shares.

Discovery Comm-A (NASDAQ:DISCA) is currently priced 12.1% above its average consensus analyst price target of $27.71. The stock should find initial support at its 50-day moving average (MA) of $27.29 and further support at its 200-day MA of $24.33.

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.

In the past 52 weeks, shares of Discovery Comm-A have traded between a low of $15.99 and a high of $31.65 and are now at $31.52, which is 97% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.7%.

SmarTrend recommended that subscribers consider buying shares of Discovery Comm-A on August 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.99. Since that recommendation, shares of Discovery Comm-A have risen 5.9%. We continue to monitor DISCA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows discovery comm-a

Ticker(s): DISCA