After a long down trend, DIS is finally pushing back up against the 100 Day SMA. The area from $100 to $112 has a load of previous buyers who have been waiting for this recovery, but once that volume is worked through, the next overhang of ownership is all the way up at the $130 to $135 price range.
DIS reports earnings Wednesday, so the moves now are speculation that the earnings have returned to the trend before the pandemic. This makes sense. However, with the growth of Disney+, the income from all the FOX portfolio of movies and TV, increased park attendance …. the results could be better than expected.
Important to note DIS now owns the Avatar film franchise which is adding Part 2 this fall.
The flywheel of — 100 years of content creation >> content ownership >> streaming >> parks >> cruises, hotels, toys is DIS unique powerhouse.
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