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Walt Disney Co Rises 6.56% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Walt Disney Co (NYSE:DIS) traded in a range yesterday that spanned from a low of $138.07 to a high of $140.25. Yesterday, the shares gained 6.6%, which took the trading range above the 3-day high of $133.70 on volume of 3.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Walt Disney Co has traded in a range of $100.35 to $147.15 and is now at $138.21, 38% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.3%.

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