Walt Disney Co Daily Price Recap
The end of a 3 day positive run has come for Walt Disney Co, which finished the previous day down 2.12% ($2.48). This move happened on lower volume, as yesterday’s volume was down 49.3% from the day before — and down 15.67% from the same day the week before. Here is a daily price chart of Walt Disney Co.
Walt Disney Co Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 30 day timeframe. This may setup an interesting opportunity for traders looking to sell rallies in anticipation of the primary trend resuming. For another vantage point, consider that Walt Disney Co’s price has gone up 5 of the previous 10 trading days.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to DIS:
$DIS but disney+ they said….. But they are buying content, they have ESPN and now draftkings and investing in they're business….
While losing a billion a day not to mention xpenses seem high to stay relevant while trying to manage your balance sheet and the numbers seem inflated to me …..
Didn't ENRON use its powder to reinvest in companies it already owned to show positives on its balance sheet so that investor were excited….
Just something to think about 6, maybe 9 or 12 months from now…..