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Discovery Stock Chart Analysis: Sell Short Trade Alert

Shares of Discovery Inc (DISCA) surged today on the back of better-than-expected earnings. While bullish news, the Discovery stock chart analysis signals a sell-short swing trade. Not only is the stock up 37.5% in just two weeks, but price just ran into a major trend line of resistance. In addition, the RSI is at a whopping 87, a level that is ultimately unsustainable in the near-term. Discovery stock chart analysis signals a pull back to $49.75 in the next week or so, good for a 10% profit for swing traders.

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