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Walt Disney Co Bearish Moving Average Crossover Alert (DIS)

By Shiri Gupta

Today, shares of Walt Disney Co (NYSE:DIS) have crossed bearishly below their 10-day moving average of $114.31 on a volume of 3.9 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 Co has traded in a range of $97.68 to $120.20 and is now at $113.42, 16% above that low. The 200-day and 50-day moving averages have moved 0.28% higher and 0.62% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Walt Disney Co on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $110.35. Since that recommendation, shares of Walt Disney Co have risen 4.2%. 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 Co

Ticker(s): DIS