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Look for Shares of Discovery Comm-A to Potentially Rebound after Yesterday's 1.82% Sell Off

By Nick Russo

Discovery Comm-A (NASDAQ:DISCA) traded in a range yesterday that spanned from a low of $26.89 to a high of $27.24. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $27.37 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 $20.60 to $34.89 and is now at $27.04, 31% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Keywords: rebounders discovery comm-a

Ticker(s): DISCA