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Walt Disney Co Bearish Moving Average Crossover Alert (DIS)

By James Quinn

Today, shares of Walt Disney Co (NYSE:DIS) have fallen below their 10-day MA of $137.45 on a volume of 1.2 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.

Over the past year, Walt Disney Co has traded in a range of $100.35 to $147.15 and is now at $136.94, 36% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

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

Keywords: moving crosses Walt Disney Co

Ticker(s): DIS