Walt Disney Co (DIS) 5 Day Down Streak Broken

Walt Disney Co Daily Price Recap

Walt Disney Co is up 0.04% ($0.05) since the day prior, marking a reversal from the day prior — and the end of a 5 day negative run. As for how volume fared, yesterday’s volume was up 2.23% from the previous day (Wednesday), and up 8.47% from Thursday of the week before. Let’s take a look at the daily price chart of Walt Disney Co.

DIS

Walt Disney Co Technical Analysis

Coming into today Walt Disney Co is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone down 7 out of the past 10 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to DIS:

    Ok. Here’s the scoop. Largest contractionary quarter in history. History. And just a couple months ago we had the first $1T company ever. Now we have multiple trillion dollar companies. And blowout earnings from the big for tech behemoths. Without a doubt. It is pure insanity. So what are the big time traders thinking? Take advantage. Take advantage of the exuberance and establish the short positions they had always wanted to establish. $MSFT just proved it is eating $CRM lunch. Short Salesforce. $MCD sales are declining at a rapid pace and it’s sitting just shy of its all time high. LOL. Short that stock. $FB is experiencing some rather unusual exuberance. Swing short soon. And Disney remains in trouble. Short $DIS one thing we have always learned. Buy when others are fearful and sell when all is greedy. There couldn’t be a better time.

    BannedGecko