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MarthaStokesCMT-TechniTrader
Feb 6, 2023 6:44 PM

DIS Pre-Earnings Run 

Walt Disney Company (The)NYSE

Description

Disney is in the retail news a lot these days but the chart has a pre-earnings run in anticipation that Year over Year financials will look a lot better than it did most of 2022. This stock has been as high as $200 a share so it has plenty of room to continue upward.

HOWEVER, it is over-speculated right now so profit-taking on the earnings release, good or bad, and probably a gap, are highly likely.

This is WHY earnings strategies for swing traders require that you prepare 2-4 weeks in advance so that you're already in the stock ahead of the earnings report. There are smaller funds and retail groups in the mix at this point.
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