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Walt Disney Co Set to Possibly Rebound After Yesterday's Selloff of 2.01%

By Amy Schwartz

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.

Over the past year, Walt Disney Cohas traded in a range of $0.00 to $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%.

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