Disney's most recent trend suggests a bullish bias. One trading opportunity on Disney is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 8.93% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock dropped below the $60.00 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 70.02 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Disney
[$$] Walt Disney Names New Head for India Unit
Thu, 24 Oct 2013 10:14:23 GMT
The Wall Street Journal – Walt Disney Co. said its managing director in India, Ronnie Screwvala, has decided to step down and that he will be replaced by Siddharth Roy Kapur, who heads the unit's studio business.
Disney Pulls Off All-Time High As Markets Slide
Thu, 24 Oct 2013 01:02:15 GMT
Motley Fool – J. C. Penney actually rises higher while luxury retailer Coach drops.
J.C. Penney Stock Rallies, Lumber Liquidators Jumps on Earnings
Wed, 23 Oct 2013 22:30:20 GMT
Motley Fool – Disney slumps, contributing to the Dow’s 54-point stumble
Midday Glance: Media companies
Wed, 23 Oct 2013 17:20:13 GMT
Midday Glance: Media companies
Wed, 23 Oct 2013 17:20:13 GMT
AP – Shares of some top media companies are mixed at 1 p.m.: Comcast Corp. fell $.23 or .5 percent, to $47.13. Walt Disney Co. fell $.80 or 1.2 percent, to $68.20. Gannett fell $.26 or .9 percent, to $27.49. …
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