Disney Stumbles After Earnings
The profits soar, but the concern with the company’s growth has weighed (one of the many headlines today). After accumulating quite heavily over the last week or so, Disney (DIS) has turned downward today, stumbling jsut over $1.50 trading right about $32. Many are still bullish on Disney overall, and let’s be up front here, since October 1st the stock had moved almost 10% at the close yesterday, alot for just a month a week. Support right now seems to be at $32, and look for the stock to baseout before turning up once again. Effective buypoints are at the 50 MA or with the break of yesterday’s high of $33.85.
Happy Hunting.
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Posted by Blain Reinkensmeyer on November 10, 2006 at 10:34 am --
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