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Walt Disney Co Falls 3.11% 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 $100.90 to a high of $102.19. Yesterday, the shares fell 3.1%, which took the trading range below the 3-day low of $104.47 on volume of 10.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Walt Disney Co have traded between a low of $79.07 and a high of $153.41 and are now at $101.81, which is 29% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 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