Bearish Moving Average Cross by Walt Disney (DIS)
Walt Disney (NYSE:DIS) shares have crossed bearishly below their 10-day moving average of $98.50 on a volume of 2.6 million shares. This may provide short-term investors a chance 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 $97.15, 13% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.7%.
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