Walt Disney Co (NYSE:DIS) is in the news today after "Inside Out 2" grossed $155 million domestically over the weekend. The stock is up 1.6% at $101.52 at last glance, and set to snap a four-day losing streak. The stock boats a 12.5% year-to-date lead, and there's reason to believe the shares could keep moving higher as DIS trades near a historically bullish trendline.
The stock has come within one standard deviation of its 200-day moving average for the third time in the past three years. According to Schaeffer's Senior Quantitative Analyst Rocky White, DIS was positive one month later 100% of the time, averaging a 4.6% gain. A similar move from the stock's current perch of $100.89 would place the equity above the $105 level for the first time since early May.
Now looks like a good time to weigh in with options. The stock is seeing attractively priced premiums at the moment, per Walt Disney stock's Schaeffer's Volatility Index (SVI) of 22%, which sits in the low 12th percentile of its annual range.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for September 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.