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Discovery Communications, Inc. Breaks Below 200-Day Moving Average - Bearish for DISCA

By Market News Video Staff, Monday, June 6, 4:50 PM ET
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In trading on Monday, shares of Discovery Communications, Inc. (NASDAQ:DISCA) crossed below their 200 day moving average of $41.68, changing hands as low as $41.44 per share. Discovery Communications, Inc. shares are currently trading off about 0.8% on the day. The chart below shows the one year performance of DISCA shares, versus its 200 day moving average:

Discovery Communications, Inc. 200 Day Moving Average Chart

Looking at the chart above, DISCA's low point in its 52 week range is $34.70 per share, with $45.81 as the 52 week high point — that compares with a last trade of $41.63.

According to the ETF Finder at ETF Channel, DISCA makes up 1.22% of the Rydex S&P 500 Equal Weight Consumer Discretionary ETF (AMEX:RCD) which is trading lower by about 0.3% on the day Monday.

     See what other ETFs contain DISCA »
     See what other stocks are held by RCD »

DISCA operates in the Television & Radio sector, among companies like Cablevision Systems Corp. (NYSE:CVC) which is down about 1.3% today, and Shaw Communications Inc (NYSE:SJR) trading higher by about 0.7%. Below is a three month price history chart comparing the stock performance of DISCA, versus CVC and SJR.

DISCA,CVC,SJR Relative Performance Chart


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This Article's Word Cloud:   According   Below   Channel   Communications   DISCA   Discovery   ETFs   Equal   Investment   Monday   Moving   NYSE   Portfolio   Shaw   about   allows   among   asset   average   below   bonds   chart   classes   companies   completely   currently   designed   growth   hands   history   moving   operates   other   performance   point   portfolio   price   range   raquo   share   shares   short   stocks   terms   trading   versus   week   what   which   with
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Discovery Communications, Inc. Breaks Below 200-Day Moving Average - Bearish for DISCA | Market News Video | Copyright © 2008 - 2013, All Rights Reserved

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