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

By Shiri Gupta

Today, shares of Walt Disney (NYSE:DIS) have crossed bearishly below their 10-day moving average of $106.28 on a volume of 1.0 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Walt Disney share prices have been bracketed by a low of $86.25 and a high of $122.08 and are now at $105.91, 23% above that low price. 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 its subscribers protect gains by selling shares of Walt Disney on May 4th, 2017 by issuing a Downtrend alert when the shares were trading at $110.18. Since that call, shares of Walt Disney have fallen 3.3%. 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