Disney's most recent trend suggests a bullish bias. One trading opportunity on Disney is a Bull Put Spread using a strike $77.50 short put and a strike $72.50 long put offers a potential 7.07% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $0.33 would be kept by the premium seller. The risk of $4.67 would be incurred if the stock dropped below the $72.50 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 64.68 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Disney
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Wed, 14 May 2014 12:50:30 GMT
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Wed, 14 May 2014 12:30:00 GMT
ESPN says competition doesn't stop strong ad sales, LAT reports
Wed, 14 May 2014 12:28:21 GMT
Final Glance: Media companies
Tue, 13 May 2014 22:18:27 GMT
Final Glance: Media companies
Tue, 13 May 2014 22:18:27 GMT
AP – Shares of some top media companies were up at the close of trading: Comcast Corp. rose $.61 or 1.1 percent, to $54.64. Walt Disney Co. rose $.11 or .1 percent, to $75.67. Gannett rose $.11 or .4 percent, …
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