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Walt Disney Co Crosses Above its 10-day MA (DIS)

By Shiri Gupta

Today, shares of Walt Disney Co (NYSE:DIS) have advanced above their 10-day MA of $133.73 on a volume of 431K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Walt Disney Co has traded in a range of $98.81 to $142.37 and is now at $134.89, 37% above that low. The 200-day and 50-day moving averages have moved 0.26% higher and 0.90% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Walt Disney Co on April 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $113.95. Since that recommendation, shares of Walt Disney Co have risen 16.3%. 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