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Watch for Continued Gains in Shares of Walt Disney Co (DIS)

By David Diaz

Walt Disney Co (NYSE:DIS) traded today at a new 52-week high of $133.98. So far today approximately 2.6 million shares have been exchanged, as compared to an average 30-day volume of 18.2 million shares.

The Walt Disney Company is an entertainment company that conducts operations in media networks, studio entertainment, theme parks and resorts, consumer products, and interactive media. The Company produces motion pictures, television programs, and musical recordings, as well as books and magazines.

Over the past year, Walt Disney Co has traded in a range of $97.68 to $133.98 and is now at $133.70, 37% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.

Walt Disney Co (NYSE:DIS) is currently priced 9.5% above its average consensus analyst price target of $120.95. The stock should find initial support at its 50-day moving average (MA) of $115.02 and further support at its 200-day MA of $113.02.

SmarTrend is tracking the current trend status for Walt Disney Co and will alert subscribers who have DIS in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows Walt Disney Co

Ticker(s): DIS