Walt Disney Company (The) : On a bullish trend
Entry price | Target | Stop-loss | Potential |
---|
$44.3 |
$47 |
$0 |
+6.09% |
---|
Walt Disney Company, the world leading entertainment group, producing live-action film, television, travels, and recently radio, music and online media, published quarterly earnings beating the expectations despite the loss recorded with “John Carter”.
Quarter 2 was difficult for the American company with an important loss on “Carter” which generated a 84 million dollars operating loss. They made few additional efforts and fiscal second quarter shows a 6% increase in revenue at 1.1 billion, 13% up to the consensus. Theme’s park net result bounced 53% at 222 million dollars. Earnings per share also beat the expectations at 58 cents.
Technically the stock follow an upward movement since September 2011 with 20-days moving average in support. The current level is an important point close to the USD 44.38 resistance. This level crossing will give a strong buying signal with an objective fixed on the consensus target at USD 47.
Investors could come into the security as soon as the resistance will be crossed with a 7% performance objective at USD 47. The stop loss will be positioned below short-term support at USD 42.5.
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