Disney Co. – The Walt Disney Company, commonly known as Disney, is an American diversified multinational mass media and entertainment conglomerate, headquartered at the Walt Disney Studios in Burbank, California.
DIS – Walt Disney Weekly Chart – Earnings are due Tuesday 8/8/17 for the media content producer & theme park operator.
On the chart we see a large triangular formation building on DIS with a moving average crossover and recent pullback to the 50-week MA. Is the Force strong enough for DIS to follow many of the Dow Industrial stocks and break out of this multi-year consolidation?
Some game changing news / new product & service: the Star Wars – themed land that is set to open in 2019, complete with a Star Wars Hotel, in Walt Disney World Resort in Florida.
Here’s the Trading Room video and weekly chart below: