Tuesday, 14 March 2017

DIS - climbing as few notice

Whilst the main market saw a day of moderate weakness, there was notable strength in Disney (DIS), which settled +0.7% at $112.31. The break into the $112s opens the door to the 114/115s within the near term. Broader upside to the upper 120s/130s seems a given.

DIS, daily

DIS, monthly


A key reason for today's kick upward above resistance...

Guggenheim have upgraded DIS from neutral to a buy, with a new target of $128. That is a fair way above current levels, but appears well within range before year end.

If you believe DIS will keep on pushing higher, then you should also be inclined to believe the main market will similarly continue to broadly climb across the year.

yours... very bullish Star Destroyers