BUY $DIS At 99 [ Stock Market ]

Date: 6/4/2018

BUY $DIS At 99  TP1: 106.5  TP2: 112   TP3: 119    SL: 90

Our Analysis

Walt Disney owns the rights to some of the most globally recognized characters, from Mickey Mouse to Buzz Lightyear to Thor to Luke Skywalker. These characters and others are featured in several theme parks that Disney owns or licenses around the world. Disney makes live-action and animated films under several labels, including Pixar, Marvel, and Lucasfilm. Disney also operates media networks including ESPN, ABC, and Disney Channel, and several television production studios.

This is a stock that the TrendyTrade Research Team loves. And timing is perfect for buying this stock, ahead of major blockbusters such as Avengers: Infinity War, and Solo a Star Wars Story. Also, a potential takeover from Disney in the M&A sector could spark buying activity for this stock. From the seasonal point of view, April marks the beginning of a great bullish period for the stock, due to te mentioned movies, and the American summer, which usually leaves a lot of cash to Disney’s theme parks. The upcoming Soccer Worldcup and a heavy sporting activity during the summer should add bullish pressure to the stock.

We bought this stock in the past at the same level, and the stock moves smoothly to our targets. We have higher targets this time, as we think that the company may resume the long-term bullish trend. The stock pulled back towards the 200 periods EMA (Exponential Moving Average) and this week’s close hints a diminished bear power, and a potential bullish ride.

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