Thursday, August 6, 2015

Walt Disney $DIS Stock Drops, What's Next?

Not to be outdone by Apple’s (AAPL) big gap into support yesterday, strong trending stock Disney (DIS) disappointed investors and dropped straight into a key support reference level.
Let’s update our Disney (DIS) chart, learn a quick lesson, and plan the next move for this big stock.
We’ll start with the Daily Chart:

First, take a moment to review yesterday’s update on Apple which is similar to Disney (DIS) here.
Disney is (was) a strong trending stock that repeatedly showed up on our trending stock scans as the extended uptrend continued higher and higher.  (more)

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