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Discovery Comm-A Set to Possibly Rebound After Yesterday's Selloff of 1.83%

By Amy Schwartz

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.

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.

In the past 52 weeks, shares of Discovery Comm-A have traded between a low of $23.79 and a high of $33.65 and are now at $32.33, which is 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

Keywords: rebounders discovery comm-a

Ticker(s): DISCA