Disney's most recent trend suggests a bullish bias. One trading opportunity on Disney is a Bull Put Spread using a strike $149.00 short put and a strike $144.00 long put offers a potential 33.33% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $149.00 by expiration. The full premium credit of $1.25 would be kept by the premium seller. The risk of $3.75 would be incurred if the stock dropped below the $144.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Disney is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Disney is bullish.
The RSI indicator is at 75.63 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Disney
The Bear Case for Surging Netflix
Mon, 02 Dec 2019 20:38:55 +0000
Though bulls point to a major rebound since September in Netflix shares, others see a significant decline ahead as the media company faces increasing competition.
Disney accused of monopolizing South Korean screens with 'Frozen II'
Mon, 02 Dec 2019 20:35:49 +0000
The animated fairy tale is playing on 88 percent of screens in the East Asian country, according to a complaint filed by the Public Welfare Committee.
Hollywood's ‘Tepid' Climate Due To Competition From The Entire Internet
Mon, 02 Dec 2019 20:30:19 +0000
Recode senior media editor Peter Kafka has one word to describe the Hollywood box office environment: tepid. For example, many fans of the Rocky Balboa franchise were eager to see “Creed 2” when it was released last year but were willing to wait for the film to hit one of the streaming video platforms. Specifically, the younger generation can stream TV and movies from their handheld device but can also spend hours browsing social media platforms like TikTok and Snap Inc (NYSE: SNAP), Kafka said. Is Disney The Exception?
'Frozen II' record Thanksgiving weekend still can't catch 2018
Mon, 02 Dec 2019 20:11:24 +0000
“Frozen II” set records at the domestic box office this holiday weekend, bringing The Walt Disney Co. to new heights in North American ticket sales. “Frozen II” conjured up an estimated $124 million over the five-day Thanksgiving weekend, surpassing “The Hunger Games: Catching Fire,” which made $110 million over the five-day frame in 2013, to post the holiday's biggest box office ever. Elsa and Anna powered Disney (NYSE: DIS) to more than $3.2 billion at the domestic box office — besting the studio's own $3.09 billion high set last year and setting a new industry high.
Disney Stock Is Loved by Wall Street. Its Bonds? Not So Much.
Mon, 02 Dec 2019 19:29:00 +0000
Credit-research firm Gimme Credit is bearish on the debt of the media conglomerate as well as AbbVie’s bonds.
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