DIS - Retest of 200 DMASpeculation: Disney is looking to test the 200 DMA, potentially pierce it, and then rise up with the release of Star Wars, etc..
Disney
DOW JONES OVERVIEW (END): DISNEY IN FIRM UPTRENDFinalizing our Dow Jones overview is Disney - and it is doing it on a positive note! DIS is one the best-looking stock from our Dow Jones overview - on par with Nike and UNH, also Viza.
On long term perspective it trades firmly above upper 1st standard deviation from 5 and 10 year means - which means that long term uptrends are well in progress.
On short term basis the long term picture is confirmed by the positive slope of 1-year mean. Price here trades within 1st standard deviations from both weekly and quarterly means, showing no short term trend, so nothing stands in the way of long term uptrend.
DIS relative strength during market correctionPrice of Disney's stocks holds nicely during this corrective phase showing relative strength. S&P was up 1% on Friday and gain 6 handles on premarket showing some follow through. This stock could be a good candidate when market buying will resume. Entry ans Stop on chart. It is difficul to say what could be potential target as stock hovering near historical highs, but minimum requirements are 1,5-2 more that risk (makes our target $91.60 - $92.00)
