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After Yesterday's Rally of 4.55% Shares Could Potentially Pullback

By Nick Russo

Discovery Comm-A (NASDAQ:DISCA) traded in a range yesterday that spanned from a low of $33.25 to a high of $34.89. Yesterday, the shares gained 4.5%, which took the trading range above the 3-day high of $33.50 on volume of 2.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Discovery Comm-A has traded in a range of $15.99 to $34.89 and is now at $34.44, 115% 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 risen 0.4%.

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.

Keywords: rebounders discovery comm-a

Ticker(s): DISCA