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After Yesterday's Rally of 2.98% Shares Could Potentially Pullback

By Nick Russo

Walt Disney Co (NYSE:DIS) traded in a range yesterday that spanned from a low of $135.41 to a high of $139.90. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $138.88 on volume of 6.8 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 Co have traded between a low of $100.35 and a high of $142.37 and are now at $139.59, which is 39% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Walt Disney Co on April 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $113.95. Since that recommendation, shares of Walt Disney Co have risen 19.1%. We continue to monitor DIS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Walt Disney Co

Ticker(s): DIS