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

By Shiri Gupta

Today, shares of Walt Disney Co (NYSE:DIS) have fallen below their 10-day MA of $139.56 on a volume of 2.2 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 Co has traded in a range of $100.35 to $143.51 and is now at $138.04, 38% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.5%.

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 23.1%. 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