Shares of Walt Disney (NYSE: DIS) went on a roller-coaster ride in 2015 worthy of one of its theme parks. They rallied from $90 to over $120, not once but twice, and by early 2016, they had fallen back to $90 again. Investors may still be gun-shy when it comes to this blue chip, but the technicals have once again turned in its favor, and the stock may be ready to deliver gains — at least in the short term. #-ad_banner-# After the… Read More
Shares of Walt Disney (NYSE: DIS) went on a roller-coaster ride in 2015 worthy of one of its theme parks. They rallied from $90 to over $120, not once but twice, and by early 2016, they had fallen back to $90 again. Investors may still be gun-shy when it comes to this blue chip, but the technicals have once again turned in its favor, and the stock may be ready to deliver gains — at least in the short term. #-ad_banner-# After the close on Feb. 9, Disney reported better-than-expected earnings thanks to the release of the latest edition of “Star Wars.” But modest subscriber losses at ESPN spooked analysts and investors, who are concerned about declines in traditional cable subscriptions. The stock, which had already been in a decline since November, dropped sharply in after-hours trading, gapping down on the Feb. 10 open with selling continuing in the morning. But volume swelled that day, and DIS actually closed above its opening price. The following day, the bulls took over and prices moved higher, albeit at the same pace as the broader market. Read More