Today’s One Chart is The Walt Disney Company (DIS). It’s an interesting chart because of the earnings beat this week and what that means for long-term potential appreciation, but also because it illustrates the concept of follow-through, or confirmation.
Looking at the last one year for Disney, as with many stocks it obviously sold off from February down to March. What’s a little different about Disney though is that it actually peaked out last November when the price reached just over $150. It sold off and bottomed out just below $80 in March so almost a 50% drop in the stock altogether.
You can read more over at seeitmarket.com.
RR#6,
Dave
Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. Please see the Disclaimer page for full details.