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Watch for Walt Disney Co to Potentially Pullback After Gaining 2.78% Yesterday

By Amy Schwartz

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.

Over the past year, Walt Disney Co has traded in a range of $97.68 to $120.20 and is now at $119.14, 22% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 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