Disney Runs Ahead of Earnings
Posted by Blain Reinkensmeyer
November 9, 2006 at 3:36 pm
Take a look at a chart of Disney (DIS) and you can see the stock has been under heavy accumulation for the last week or two as the stock has expected strong earnings to be released today after the close. The report will come out at 4:30 PM EST which will leave plenty of time for after hours trading to occur on the stock. The chart pattern and heavy accumulation beforehand reminds me of Cisco (CSCO) which gapped up today after a very strong earnings report.
Disney DIS stock is currently up exactly 1% to a real time last of $33.43 on volume surpassing 16 million just a few minutes ago. Watch for some after hours action on this stock today! O a side note here as well, if you are into options check out the volume on Calls on Disney, they are up pretty noticeably! As always,
Happy Hunting.
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