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Discovery Communications Bearish Moving Average Crossover Alert (DISCA)

By James Quinn

Discovery Communications (NASDAQ:DISCA) crossed under its 10-day moving average of $26.31 on a volume of 533K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Discovery Communications has traded in a range of $23.66 to $34.94 and is now at $25.90, 9% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.4%.

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