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After Yesterday's Decline of 1.83%, Discovery Comm-A Offers Investors Better Value

By Nick Russo

Discovery Comm-A (NASDAQ:DISCA) traded in a range yesterday that spanned from a low of $31.86 to a high of $32.57. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $32.71 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Discovery Comm-A has traded in a range of $23.79 to $33.65 and is now at $32.33, 36% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

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

Keywords: rebounders discovery comm-a

Ticker(s): DISCA