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Bearish Moving Average Cross by Walt Disney (DIS)

By Nick Russo

Today, shares of Walt Disney (NYSE:DIS) have crossed bearishly below their 10-day moving average of $98.03 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.

In the past 52 weeks, shares of Walt Disney have traded between a low of $86.25 and a high of $122.08 and are now at $97.00, which is 12% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 0.70% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Walt Disney and will alert subscribers who have DIS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Walt Disney

Ticker(s): DIS