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

By James Quinn

Walt Disney (NYSE:DIS) shares have crossed bullishly above their 10-day moving average of $113.86 on a volume of 1.4 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Walt Disney has traded in a range of $86.25 to $122.08 and is now at $114.65, 33% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of Walt Disney on November 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $95.15. Since that recommendation, shares of Walt Disney have risen 19.5%. 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

Ticker(s): DIS