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Walt Disney Co (DIS) Approaches New Downside Target of $135.08

By Nick Russo

Shares of Walt Disney Co (NYSE:DIS) opened today below their pivot of $135.74 and have already reached the first level of support at $135.30. Analysts will be watching for a cross of the next downside pivot targets of $135.08 and $134.42.

Walt Disney Co (NYSE:DIS) is currently priced 10.0% above its average consensus analyst price target of $120.95. The stock should find initial support at its 50-day moving average (MA) of $123.07 and further support at its 200-day MA of $115.31.

In the past 52 weeks, shares of Walt Disney Co have traded between a low of $98.81 and a high of $142.37 and are now at $134.33, which is 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.4%.

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: pivot alerts Walt Disney Co

Ticker(s): DIS