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Bearish Moving Average Cross by Walt Disney (DIS)

By James Quinn

Walt Disney (NYSE:DIS) shares have crossed bearishly below their 10-day moving average of $103.58 on a volume of 1.4 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Walt Disney share prices have moved between a 52-week high of $122.08 and a 52-week low of $86.25 and are now trading 19% above that low price at $102.97 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Walt Disney on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $96.43. Since that recommendation, shares of Walt Disney have risen 7.9%. We continue to monitor DIS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Walt Disney

Ticker(s): DIS