Walt Disney Company (The) : On a bullish trend
By Lara Villeneuve
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$44.3 | $47 | $0 | +6.09% |
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.