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Bearish Moving Average Cross by Walt Disney (DIS)

By Amy Schwartz

Today, shares of Walt Disney (NYSE:DIS) have fallen below their 10-day MA of $104.35 on a volume of 11.5 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Walt Disney has traded in a range of $86.25 to $122.08 and is now at $102.00, 18% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.7%.

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 10.5%. 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