DISCA - Discovery Communications - Lower Channel Resistance
DISCA, Discovery Communications, daily chart on Friday, June 25, shows successful resistance on the lower channel while closing above the 50 day moving average.
This stock could run back to the 40 range in the next 5-10 trading sessions providing approximately 7% return.
DISCA is part of the Services industry group, which was the industry group in total that had the largest losses last week in the down market.
This is one stock worth watching on Monday.
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