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Watch for Discovery Comm-A to Potentially Rebound After Falling 2.77% Yesterday

By Shiri Gupta

Discovery Comm-A (NASDAQ:DISCA) traded in a range yesterday that spanned from a low of $30.15 to a high of $31.01. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $30.43 on volume of 1.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Discovery Comm-A share prices have been bracketed by a low of $20.60 and a high of $34.89 and are now at $30.31, 47% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.2%.

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