Support at 90 is still holding firm.
Technically Speaking
Disney is still holding the 90 level. The 200 WMA is right under the 90 level. The stock has not closed below that moving average since 2011.
Fundamentals
Here is a summary of the company.
What to do?
The R/R seems to favor a long position from these levels. Buying here and stopping out under the 80-85 level, seems sensible.
They do pay a modest dividend 1.53% yield. This is not a stock that will 5 or 10x your money, but could be a solid longer term hold. Of course, many analyst worry about them competing with the apps that keep the young people busy(insta, snap, facebook, etc) and the cord cutters. They could be right, but how much of that worry is already baked in? Hmmm...
Disney is still holding the 90 level. The 200 WMA is right under the 90 level. The stock has not closed below that moving average since 2011.
Fundamentals
Here is a summary of the company.
What to do?
The R/R seems to favor a long position from these levels. Buying here and stopping out under the 80-85 level, seems sensible.
They do pay a modest dividend 1.53% yield. This is not a stock that will 5 or 10x your money, but could be a solid longer term hold. Of course, many analyst worry about them competing with the apps that keep the young people busy(insta, snap, facebook, etc) and the cord cutters. They could be right, but how much of that worry is already baked in? Hmmm...
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