Walt Disney (DIS) – Bullish DailyPlay for Wednesday August 15th, 2018
The bullish DailyPlay we chose for Wednesday, Aug 15th is Walt Disney (DIS). DIS is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 0.33% move higher and its 1m and 6m trend has turned bullish yesterday while bouncing higher off its $112.50 support level.
Walt Disney’s 1m and 6m trends turned bullish yesterday and recently bounced higher off its $112.50 support level. With a technical score of 7 (out of 10), DIS is a strong bullish stock that will likely continue higher.
As a stop loss, if DIS was to trade below $112.50 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Webinar Registration: Learn to Trade Options w/ OptionsPlay – Thursday 8/16 @ 4:15PM EST.