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SmarTrend Watching for Potential Pullback in Shares of Discovery Comm-C After 4.44% Gain

By Shiri Gupta

Discovery Comm-C (NASDAQ:DISCK) traded in a range yesterday that spanned from a low of $30.26 to a high of $31.55. Yesterday, the shares gained 4.4%, which took the trading range above the 3-day high of $30.20 on volume of 1.3 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-C have traded between a low of $14.99 and a high of $31.55 and are now at $31.04, which is 107% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.3%.

SmarTrend is monitoring the recent change of momentum in Discovery Comm-C. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Discovery Comm-C in search of a potential trend change.

Keywords: rebounders discovery comm-c

Ticker(s): DISCK