Will Wong
Long

DIS-RECORD EARNINGS BLEW STOCK PRICE OUT OF WATER

NYSE:DIS   WALT DISNEY COMPANY (THE)
21 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.
Looks like DIS busted the upper trend resistance.
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