Disney's most recent trend suggests a bearish bias. One trading opportunity on Disney is a Bear Call Spread using a strike $82.50 short call and a strike $87.50 long call offers a potential 10.62% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $82.50 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock rose above the $87.50 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 42.12 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Disney
Relativity Media Makes A Bid For Maker Studios; Vote On Disney's Bid Tomorrow
Tue, 15 Apr 2014 12:36:00 GMT
Weekend Box Office: ‘Captain America: The Winter Soldier' Outflies ‘Rio 2' for No. 1
Tue, 15 Apr 2014 12:06:30 GMT
Wall Street Breakfast: Must-Know News
Tue, 15 Apr 2014 10:33:14 GMT
Relativity's last-minute bid for Maker rebuffed
Tue, 15 Apr 2014 02:18:28 GMT
Maker-Disney deal nears OK; Relativity's bid rejected
Mon, 14 Apr 2014 23:08:53 GMT
Reuters – Disney agreed to buy Maker on March 24 for $500 million in cash, a price that could rise to $950 million if Maker hits certain performance milestones. “The agreement has been approved by Maker Studios' Board of Directors and the majority of its shareholders and is expected to close in the next few weeks, subject to regulatory approval,” Maker said in a statement on Monday.
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