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Shares of Discovery Comm-C Fall Below Previous 52-Week Low

By Amy Schwartz

Discovery Comm-C (NASDAQ:DISCK) traded today at a new 52-week low of $21.81. So far today approximately 413,000 shares have been exchanged, as compared to an average 30-day volume of 1.8 million shares.

In the past 52 weeks, shares of Discovery Comm-C have traded between the current low of $21.81 and a high of $29.18 and are now at $21.93. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.3%.

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.

Discovery Comm-C (NASDAQ:DISCK) has potential upside of 32.2% based on a current price of $21.93 and analysts' consensus price target of $29.00. The stock should find initial resistance at its 200-day moving average (MA) of $26.79 and further resistance at its 50-day MA of $27.00.

SmarTrend is monitoring the recent change of momentum in Discovery Comm-C. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Discovery Comm-C in search of a potential trend change.

Keywords: 52 week high/lows discovery comm-c

Ticker(s): DISCK