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Watch for Shares of Walt Disney Co (DIS) to Approach Resistance at $114.74

By David Diaz

Walt Disney Co (NYSE:DIS) has opened bullishly above the pivot of $114.42 today and has reached the first level of resistance at $114.55. Investors may be interested in a cross of the next upside pivot targets of $114.74 and $115.06.

Potential upside of 5.5% exists for Walt Disney Co, based on a current level of $114.65 and analysts' average consensus price target of $120.95. Walt Disney Co shares have support at the 50-day moving average (MA) of $112.06 and additional support at the 200-day MA of $111.36.

In the past 52 weeks, shares of Walt Disney Co have traded between a low of $97.68 and a high of $120.20 and are now at $114.65, which is 17% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Walt Disney Co on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $110.35. Since that recommendation, shares of Walt Disney Co have risen 3.7%. We continue to monitor DIS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts Walt Disney Co

Ticker(s): DIS