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Watch for Discovery Comm-C to Potentially Pullback After Gaining 1.87% Yesterday

By Nick Russo

Discovery Comm-C (NASDAQ:DISCK) traded in a range yesterday that spanned from a low of $27.22 to a high of $27.82. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $27.45 on volume of 990,000 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 $19.25 and a high of $31.55 and are now at $27.79, which is 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Discovery Comm-C and will alert subscribers who have DISCK in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders discovery comm-c

Ticker(s): DISCK