Will Wong
Long

DIS-RECORD EARNINGS BLEW STOCK PRICE OUT OF WATER

NYSE:DIS   DISNEY WALT CO
19 1 1
Two consecutive bullish haramis on the eve of Q1 earnings report pretty much gave the game away. On the day of the earnings report (earnings report due after market close), DIS gapped up and closed the day $2 up at $94.10. After hours stock price shot up to $98++. The next day, DIS gapped up to open in the $99++. Huge volume accompanied this breakaway gap. Took profits between $99.44~$101.76. Could be a mistake!
Under normal circumstances, breakaway gaps like this are not easily filled and those waiting for the gap to be filled before going long might have to wait a long time. 2015 could be a banner year with Star Wars, Avenger, and Pixar movies all lined up. Cinderella could be a huge hit next month. The breakaway gap from Feb 2014 remain unfilled.
Will Wong
2 years ago
Looks like DIS busted the upper trend resistance.
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