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Watch for Walt Disney Co to Potentially Pullback After Gaining 1.92% Yesterday

By Shiri Gupta

Walt Disney Co (NYSE:DIS) traded in a range yesterday that spanned from a low of $100.75 to a high of $102.20. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $101.52 on volume of 4.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Walt Disney Co have traded between a low of $90.31 and a high of $116.10 and are now at $102.02, which is 13% above that low price. Over the last five market days, 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: rebounders Walt Disney Co

Ticker(s): DIS