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Discovery Comm-A Rises 1.85% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Discovery Comm-A (NASDAQ:DISCA) traded in a range yesterday that spanned from a low of $29.25 to a high of $29.89. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $29.50 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Discovery Comm-A share prices have been bracketed by a low of $20.60 and a high of $34.89 and are now at $29.86, 45% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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