The Walt Disney Company (DIS) – stock is trading around $145.70 dollars as of December, 27, 2019 and offering a possible buying price between $143.65 – $150.83. Let’s look at the stocks technical actions using a weekly chart.
2. The stock staged a rock solid breakout in early November.
3. The stock made a quick but a nice run followed by the breakout.
4. However, the stock lost some luster and started to pullback in recent weeks.
5. The stock appears to be testing the 50 day moving average (DMA) short term support line.
6. The stock also trading well above the 200 DMA.
7. The stock is offering possible buying price between $143.65 – $150.83, with a stop loss at $132.16.
This stock is already part of the Stocks Above 100 Dollars pick and performance will be tracked here .
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