Walt Disney is beginning to make strides and is poised to report earnings on February 7th. The stock has been moving higher on better than expected retail sales and strong park attendance during the holiday season.
The stock share price has paused but is poised to move higher. The 50-day moving average has now crossed the 200-day moving average which is know in the industry as the “golden cross”. Historically when this occurs with Disney, the stock moves higher by 8%, over the next 90-day, 75% of the time.
The strong technical, will be confirmed if DIS is able to clear the current resistance level of 40.25. This will give market technicians the confidence they need to push the stock higher.
The trade – purchase a daily binary option call on a daily close above 40.35.
Signal Summary
Asset : Disney
The trade : Binary Call Option
Expiry time : End of day
When : On a daily close above 40.35
Result : In the money