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Walt Disney Co Falls 2.01% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Walt Disney Co (NYSE:DIS) traded in a range yesterday that spanned from a low of $102.79 to a high of $104.54. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $104.49 on volume of 10.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, Walt Disney Co share prices have been bracketed by a current low of $0.00 and a high of $153.41 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.5%.

Keywords: rebounders Walt Disney Co

Ticker(s): DIS