Disney's most recent trend suggests a bearish bias. One trading opportunity on Disney is a Bear Call Spread using a strike $135.00 short call and a strike $145.00 long call offers a potential 15.07% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $135.00 by expiration. The full premium credit of $1.31 would be kept by the premium seller. The risk of $8.69 would be incurred if the stock rose above the $145.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Disney is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Disney is bearish.
The RSI indicator is at 73.85 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Disney
Daniel Loeb's Top 6 Trades in the 2nd Quarter
Wed, 19 Aug 2020 22:49:36 +0000
Activist investor reduces top-holding Baxter, buys 2 Chinese retail stocks
Dow Jones Gains as Apple Tops $2 Trillion, Disney Price Target Raised on Streaming Growth
Wed, 19 Aug 2020 17:48:00 +0000
Apple's value has exploded during the pandemic, and an analyst sees gains for Disney thanks to the direct-to-consumer business.
Apple Is Going Thermonuclear on Epic Games
Tue, 18 Aug 2020 19:40:00 +0000
The Cupertino tech juggernaut is escalating its war with Epic Games, and millions of developers could get caught in the crossfire.
Reviewing David Einhorn's Deep Value Stocks
Tue, 18 Aug 2020 16:52:26 +0000
A look at the value investor's latest stock positions Continue reading…
Globant's Biggest Weakness Transforms into a Temporary Strength
Tue, 18 Aug 2020 15:57:00 +0000
IT consulting specialist Globant (NYSE: GLOB) is proving that it's an indispensable partner to its base of large enterprise customers. The technology outsourcing company, which offers “digital and cognitive transformation” services, issued its second-quarter 2020 earnings on Aug. 13. Globant reported healthy expansion on its top line as revenue rose 16% over the prior-year quarter to nearly $183 million.
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