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Watch for Discovery Comm-C to Potentially Rebound After Falling 1.45% Yesterday

By Shiri Gupta

Discovery Comm-C (NASDAQ:DISCK) traded in a range yesterday that spanned from a low of $25.01 to a high of $25.28. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $25.43 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.

Discovery Comm-C share prices have moved between a 52-week high of $31.55 and a 52-week low of $19.25 and are now trading 31% above that low price at $25.19 per share. The 200-day and 50-day moving averages have moved 0.09% lower and 0.15% higher over the past week, respectively.

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