Disney's most recent trend suggests a bullish bias. One trading opportunity on Disney is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 13.12% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock dropped below the $70.00 long put 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 below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Disney
A Tablet for Children That Comes With Its Own Penguins
Thu, 02 Jan 2014 23:47:37 GMT
New York Times – The DreamTab, produced by Fuhu and DreamWorks Animation, will regularly update with custom content from the animation studio.
Runaway blue chip bull? Cramer's Dow predictions
Thu, 02 Jan 2014 23:43:11 GMT
CNBC – How much further can the Dow advance in 2014? That's the proverbial $64,000 question and one that Jim Cramer is determined to tackle.
Final Glance: Media companies
Thu, 02 Jan 2014 23:03:04 GMT
Final Glance: Media companies
Thu, 02 Jan 2014 23:03:04 GMT
AP – Shares of some top media companies were mixed at the close of trading: Comcast Corp. fell $.52 or 1.0 percent, to $51.45. Walt Disney Co. fell $.13 or .2 percent, to $76.27. Gannett unchanged at $29.58. …
Murdoch’s Fox Sells Star China Stake to Management Group
Thu, 02 Jan 2014 21:51:21 GMT
Bloomberg – Rupert Murdoch’s 21st Century Fox Inc. sold its minority stake in Star China TV, part of a strategy to divest businesses in which the company can’t gain majority ownership.
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