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SmarTrend Watching for Potential Pullback in Shares of Discovery Comm-A After 3.00% Gain

By Nick Russo

Discovery Comm-A (NASDAQ:DISCA) traded in a range yesterday that spanned from a low of $29.83 to a high of $30.57. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $29.94 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, shares of Discovery Comm-A have traded between a low of $20.60 and a high of $34.89 and are now at $30.37, which is 47% above that low price. The 200-day and 50-day moving averages have moved 0.05% higher and 0.14% higher over the past week, respectively.

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