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Discovery Comm-A Set to Possibly Pullback After Yesterday's Rally of 1.36%

By Nick Russo

Discovery Comm-A (NASDAQ:DISCA) traded in a range yesterday that spanned from a low of $32.25 to a high of $32.38. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $32.02 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Discovery Comm-A share prices have moved between a 52-week high of $33.65 and a 52-week low of $23.79 and are now trading 37% above that low price at $32.57 per share. The 200-day and 50-day moving averages have moved 0.24% higher and 0.94% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Discovery Comm-A on October 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.21. Since that recommendation, shares of Discovery Comm-A have risen 14.3%. We continue to monitor DISCA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders discovery comm-a

Ticker(s): DISCA