Disney (DIS) Offering Possible 61.29% Return Over the Next 22 Calendar Days

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Disney’s most recent trend suggests a bearish bias. One trading opportunity on Disney is a Bear Call Spread using a strike $172.50 short call and a strike $177.50 long call offers a potential 61.29% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $172.50 by expiration. The full premium credit of $1.90 would be kept by the premium seller. The risk of $3.10 would be incurred if the stock rose above the $177.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Disney is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Disney is bearish.

The RSI indicator is at 26.53 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Disney

Walt Disney (DIS) Dips More Than Broader Markets: What You Should Know
Tue, 26 Jan 2021 22:45:10 +0000
Walt Disney (DIS) closed at $169.56 in the latest trading session, marking a -1.36% move from the prior day.

Is Disney Stock A Buy Right Now As It Tests This Key Level?
Tue, 26 Jan 2021 21:52:43 +0000
Disney stock is trying to rebound after coronavirus closures took a toll. Here’s what fundamental and technical analysis says about buying Disney now.

Disney is finally rethinking its racist theme park rides
Tue, 26 Jan 2021 19:57:51 +0000
The Mouse House is updating its classic Jungle Cruise ride at Disneyland and Disney World after allegations of racism.

NBCUniversal is making Peacock its ESPN+
Tue, 26 Jan 2021 18:02:10 +0000
NBC’s new strategy for its non-network live sports content is emerging, and it looks a lot like what ESPN is doing with ESPN+.

Oh No! Disney Is Tweaking Another Iconic Ride
Tue, 26 Jan 2021 16:57:00 +0000
Jungle Cruise is getting a more culturally aware update. Cue the traditionalist boo birds, but it’s ultimately good business for Disney.

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