Watch These Disney Stock Price Levels Ahead of Entertainment Giant’s Earnings Report
Key Takeaways
- Shares in The Walt Disney Company were treading water to start the week ahead of the entertainment giant’s earnings report, due for release before Wednesday’s opening bell.
- The stock’s price has rallied from the lower range of a descending channel, but remains below both the 50- and 200-day moving averages, which formed an ominous death cross last month.
- Investors should watch crucial support levels on Disney’s chart around $85 and $79, while also monitoring vital resistance levels near $100 and $107.
Shares in The Walt Disney Company (DIS) were treading water to start the week ahead of the entertainment giant’s earnings report, due for release before Wednesday’s opening bell.
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