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Discovery Communications Bearish Moving Average Crossover Alert (DISCA)

By Amy Schwartz

Today, shares of Discovery Communications (NASDAQ:DISCA) have fallen below their 10-day MA of $27.92 on a volume of 402K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Discovery Communications share prices have been bracketed by a low of $23.74 and a high of $34.94 and are now at $27.45, 16% above that low price. 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%.

SmarTrend is tracking the current trend status for Discovery Communications and will alert subscribers who have DISCA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Discovery Communications

Ticker(s): DISCA