• Return to Headlines

Walt Disney Co (DIS) Approaches New Upside Target of $104.00

By David Diaz

Walt Disney Co (NYSE:DIS) has opened bullishly above the pivot of $102.78 today and has reached the first level of resistance at $103.46. Should the shares continue to rise, the resistance pivots of $104.00 and $105.22 will be of interest.

Walt Disney Co has overhead space with shares priced $103.63, or 14.8% below the average consensus analyst price target of $121.67. The stock should hit resistance at its 200-day moving average (MA) of $104.39, as well as support at its 50-day MA of $99.50.

Over the past year, Walt Disney Co has traded in a range of $90.31 to $116.10 and is now at $103.63, 15% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.7%.

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