Walt Disney Co Daily Price Recap
Walt Disney Co’s 6 day positive streak has officially concluded, as the candle from yesterday closed down 3.65% ($4.1). The price move occurred on volume that was down 7.41% from the day prior, but up 15.81% from the same day the week before. The daily price chart of Walt Disney Co below illustrates.
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. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up. If you’re looking to trade the primary trend, this may be a good opportunity to sell rallies created by the counter trend. Or to view things another way, note that out of the past 10 days Walt Disney Co’s price has gone up 7 them.
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about DIS: