Disney Price Levels to Watch as Stock Extends Post-Earnings Surge
Key Takeaways
- Disney shares were rising early Friday, adding to the big gains recorded yesterday after the entertainment giant topped Wall Street’s quarterly estimates and provided an upbeat long-term outlook. Monitor these key chart levels.
- The stock broke out above a pennant pattern last week, with upside momentum accelerating this week after the company’s better-than-expected quarterly results.
- Investors should watch key overhead levels on Disney’s chart around $123, $137, and $153, while monitoring a major support area near $85.
Disney (DIS) shares were moving higher in early trading Friday, adding to the big gains recorded yesterday after the entertainment giant topped Wall Street’s quarterly estimates and provided an upbeat…
