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Discovery Communications Crosses Below its 10-day MA (DISCA)

By David Diaz

Discovery Communications (NASDAQ:DISCA) shares have crossed bearishly below their 10-day moving average of $28.42 on a volume of 891K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Discovery Communications share prices have moved between a 52-week high of $34.94 and a 52-week low of $23.74 and are now trading 19% above that low price at $28.19 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Discovery Communications on March 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.23. Since that recommendation, shares of Discovery Communications have risen 5.8%. We continue to monitor DISCA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Discovery Communications

Ticker(s): DISCA