The Walt Disney Company (DIS) – stock is trading around $137.96 dollars as of November, 11, 2019 and offering a possible buying price between $137.46 – $144.33. Let’s look at the stocks technical actions using a weekly chart.
2. After a running high, the stock finally witnessed a stalling week back in early August.
3. Then the stock started to recede and ran into resistance when it tried to regain the 50 day moving average (DMA).
4. However, the stock still stayed above the 200 DMA long term support line.
5. The stock went into accumulation mode last few weeks, and regained the 50 DMA, as well.
6. The stock is offering possible buying price between $137.46 – $144.33, with a stop loss at $126.46.
This stock is already part of the Stocks Above 100 Dollars pick and performance will be tracked here .
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