ColinCieszynski
Short

DIS runs into a wall of resistance on Jedi profit taking

NYSE:DIS   WALT DISNEY COMPANY (THE)

Disney shares had a big rally last week on a combination of the latest Star Wars movie opening in theatres and the fox acquisition announcement but now appear to be hitting a wall. With all the big news out for now, traders appear to be taking profits against the news and $112 emerging as resistance. Initial support may appear near $110 then $107.50 or even $104 where the latest rally started.


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