Monday 27 April 2015

DIS - broadly strong

With the sp'500 breaking a new historic high in the early morning, Disney (DIS) matched, with a new high of $111.66, but settling +0.6% @ $110.16. The broader trend remains bullish, with the 120s viable in early May at next earnings.


DIS, daily


DIS, monthly


Summary

*daily closing candle was a black-fail, but.. I just can't take it seriously. Next earnings will surely be fine, and outlook should be very positive for the summer.
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Little to add.

Superb company.. Disney is one of my top 3 Dow stocks, and looks set for broader upside into year end.