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

By Amy Schwartz

Walt Disney Co (NYSE:DIS) crossed under its 10-day moving average of $114.00 on a volume of 1.2 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.

In the past 52 weeks, Walt Disney Co share prices have been bracketed by a low of $96.20 and a high of $117.90 and are now at $113.35, 18% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Walt Disney Co on July 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $108.51. Since that recommendation, shares of Walt Disney Co have risen 5.2%. 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