Chart of the Day - Discovery Communications (DISCA)

The "Chart of the Day" is Discovery Communications (DISCA), which showed up on Tuesday's Barchart "All-Time High" list. Discovery on Tuesday posted a new all-time high of $64.21 and closed +2.25%. TrendSpotter has been long since Dec 5 at $61.74. In recent news on the stock, NASDAQ OMX announced that Discovery would be one of the stocks added to its Nasdaq 100 index as a result of its annual index review. Discovery on Dec 14 announced that its board approved a $1 billion increase in its existing stock buyback program. Discovery Communications, with a market cap of $14 billion, is a global media and entertainment company that offers original and purchased programming in the United States and over 170 other countries with over 100 television networks.