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

By David Diaz

Walt Disney (NYSE:DIS) shares have crossed bullishly above their 10-day moving average of $93.10 on a volume of 968K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Walt Disney share prices have moved between a 52-week high of $122.08 and a 52-week low of $86.25 and are now trading 8% above that low price at $93.28 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Walt Disney on May 19th, 2016 by issuing a Downtrend alert when the shares were trading at $98.06. Since that call, shares of Walt Disney have fallen 5.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Walt Disney

Ticker(s): DIS