DIS Looking good - Probably will cross $154+

There were 3 52week high for the last 3 weeks.

  • $140
  • $149
  • Now $153
All the above did had a downtrend as soon as they get into the 52 weeks high range. However, they kept going because of Disney's news that were kept coming every week.

Best known news;

1 million Disney mobile app subscribers on a daily base
Over $300m in revenue from Frozen II
New Disney+ streaming service that received 15million within 2 weeks.
The above news will bring Disney Billion of dollars in the next ER which is 71 days away.

So according to my technical analytics crossing $154 with the current trend might not be a problem at all. EOY might pass $160

For option traders;
Look into Jan 17th Option for $170 Call which is currently going at $0.45 per call.
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