Disney's most recent trend suggests a bearish bias. One trading opportunity on Disney is a Bear Call Spread using a strike $175.00 short call and a strike $180.00 long call offers a potential 47.06% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $175.00 by expiration. The full premium credit of $1.60 would be kept by the premium seller. The risk of $3.40 would be incurred if the stock rose above the $180.00 long call 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 down which suggests that the medium-term momentum for Disney is bearish.
The RSI indicator is at 33.31 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Disney
Disney's Jungle Cruise ride to remove ‘negative depictions'
Tue, 26 Jan 2021 01:35:53 +0000
The Jungle Cruise ride at Disney's theme parks in California and Florida is getting a makeover to remove what the company called “negative depictions” of some cultures. Disney said on Monday that the river boat attraction would be updated to “reflect and value the diversity of the world around us.” Critics have accused Jungle Cruise, which was first launched in 1955, of having racist overtones in its depiction of some non-Western characters as savages and cannibals.
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Disneyland to make the Jungle Cruise more inclusive after years-long complaints of racism
Mon, 25 Jan 2021 21:00:57 +0000
One of the remaining opening-day attractions Walt Disney oversaw himself, the Jungle Cruise will return with less racially insensitive depictions of other cultures.
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