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Walt Disney Shares Climbing Higher, Up 1.3%

Published on Wed, 03/20/2013 - 10:30
By Mallory Stone

One of today's notable stocks on the rise is Walt Disney (NYSE:DIS), up 1.3% to $57.07. The Dow Jones Industrial Average is now trading 0.5% higher to 14,525 and the S&P is trading 0.5% higher to 1,557.

The Walt Disney Company, an entertainment company, conducts operations in media networks, studio entertainment, theme parks and resorts, consumer products, and Internet and direct marketing. The Company produces motion pictures, television programs, and musical recordings, as well as publishes books and magazines. Disney also operates ABC radio and television and theme parks.

In the past 52 weeks, Walt Disney share prices have been bracketed by a low of $40.88 and a high of $57.82 and are now at $57.07, 40% above that low price. The 200-day and 50-day moving averages have moved 0.35% higher and 0.60% higher over the past week, respectively.

Walt Disney has overhead space with shares priced $57.07, or 6.8% below the average consensus analyst price target of $61.24. The stock should discover initial support at its 50-day moving average (MA) of $54.36 and subsequent support at its 200-day MA of $50.72.

By Mallory Stone