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After Yesterday's Rally of 2.12% Shares Could Potentially Pullback

By Nick Russo

Discovery Comm-A (NASDAQ:DISCA) traded in a range yesterday that spanned from a low of $27.40 to a high of $28.14. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $27.61 on volume of 2.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Over the past year, Discovery Comm-A has traded in a range of $15.99 to $30.25 and is now at $28.06, 75% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.2%.

Keywords: rebounders discovery comm-a

Ticker(s): DISCA