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After Yesterday's Rally of 1.47% Shares Could Potentially Pullback

By Nick Russo

Walt Disney (NYSE:DIS) traded in a range yesterday that spanned from a low of $113.68 to a high of $115.45. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $115.38 on volume of 3.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Walt Disney have traded between a low of $86.25 and a high of $122.08 and are now at $115.26, which is 34% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 0.70% higher over the past week, respectively.

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: rebounders Walt Disney

Ticker(s): DIS