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Watch for Shares of Walt Disney Co (DIS) to Approach Resistance at $108.12

By Amy Schwartz

Walt Disney Co (NYSE:DIS) has opened bullishly above the pivot of $104.34 today and has reached the first level of resistance at $106.84. Should the shares continue to rise, the resistance pivots of $108.12 and $111.90 will be of interest.

Walt Disney Co share prices have moved between a 52-week high of $153.41 and the current low of $0.00 and are currently at $0.00 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 2.3%.

Walt Disney Co has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $120.95. The stock should run into initial resistance at its 50-day moving average (MA) of $102.61 and subsequent resistance at its 200-day MA of $129.88.

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: pivot alerts Walt Disney Co

Ticker(s): DIS