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Walt Disney Co Rises 2.78% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Walt Disney Co (NYSE:DIS) traded in a range yesterday that spanned from a low of $117.18 to a high of $120.20. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $117.83 on volume of 8.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Walt Disney Co share prices have moved between a 52-week high of $120.20 and a 52-week low of $97.68 and are now trading 22% above that low price at $119.14 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

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: rebounders Walt Disney Co

Ticker(s): DIS