Disney's most recent trend suggests a bearish bias. One trading opportunity on Disney is a Bear Call Spread using a strike $195.00 short call and a strike $210.00 long call offers a potential 22.15% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $195.00 by expiration. The full premium credit of $2.72 would be kept by the premium seller. The risk of $12.28 would be incurred if the stock rose above the $210.00 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 47.39 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Disney
How Netflix Will Power Global Growth
Fri, 16 Apr 2021 11:41:00 +0000
It's been almost five years since Netflix (NASDAQ: NFLX) announced it had the capability to stream movies to 190 countries around the world. On a Fool Live episode recorded on March 17, Fool.com contributors Brian Stoffel and Brian Withers discuss how this movie distribution and original content creator will continue to drive growth in every country where it has customers. On Monday, it was announced that it received 35 academy award [nominations], more than any other movie studios, even Disney.
The Zacks Analyst Blog Highlights: Disney, Texas Instruments, Cigna, American Electric Power and TELUS
Fri, 16 Apr 2021 11:19:11 +0000
The Zacks Analyst Blog Highlights: Disney, Texas Instruments, Cigna, American Electric Power and TELUS
Global Box Office Rebounds Set to Boost New Zealand’s Best Stock
Fri, 16 Apr 2021 00:03:04 +0000
(Bloomberg) — The return of moviegoers and big-screen blockbusters could fuel further gains for New Zealand’s top-performing stock.Shares of Vista Group International Ltd., which makes software for the film industry, have jumped 38% so far this year amid a global rotation into reopening plays. Those gains could be extended as Covid-19 vaccines help theaters resume ticket sales ahead of several high-budget film releases expected over the coming months.“As cinema attendance recovers, Vista’s clients will be in a significantly better financial position, allowing them to resume expenditure on areas like software,” said Wassim Kisirwani, an analyst at Jarden Securities Ltd.About 62% of Vista’s revenue comes from the U.S. and the U.K., according to data compiled by Bloomberg. Cineworld Group Plc, the world’s second-biggest cinema chain, said it plans to re-open its British theaters in May, in line with government rules, and some U.S. theaters over the coming weeks. AMC Entertainment Holdings Inc., the world’s largest theater operator, opened most of its locations earlier this year.Still, some studios are pushing back key releases as they wait for more cinemas to reopen, which could delay any benefits for Vista Group. ViacomCBS Inc.’s Paramount Pictures postponed its film “Top Gun: Maverick” to November, while Walt Disney Co. plans to release Marvel’s “Black Widow” in cinemas and on its Disney+ streaming service in July after multiple calendar reshuffles.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Disney loves filming in Georgia—and that’s suddenly becoming a problem
Thu, 15 Apr 2021 19:45:25 +0000
Disney, which films its blockbuster Marvel movies in Georgia, has yet to publicly condemn the state's new restrictive voting laws.
Netflix Is Losing Market Share, but This Is the Actual Risk to Shareholders
Thu, 15 Apr 2021 19:42:53 +0000
Netflix (NASDAQ: NFLX) is losing market share to be sure — but consider the circumstances. It's only natural that the recent launches of big rival services such as Disney's (NYSE: DIS) Disney+ and AT&T's (NYSE: T) HBO Max would chip away at Netflix's share of the on-demand video space. It's this phenomenon that should make the streaming market's new entrants so concerning to Netflix shareholders.
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