Walt Disney (DIS) NewsBite - DIS Covered In a Lee Allen Report Today
Posted: Thursday, September 18, 2008 10:30 AM EDT
By: Market Intelligence Center Staff
Walt Disney (DIS) was covered in a Lee Allen Report today and the stock is now at $32.80, up $.61 (1.88%) on volume of 2,491,974 shares traded. To see the report and Lee's thoughts on why bad economic news always comes in threes, go to http://www.iotogo.com/la91808 . Over the last 52 weeks the stock has ranged from a low of $26.30 to a high of $35.69. Walt Disney stock has been showing support around $31.28 and resistance in the $33.46 range. Technical indicators for the stock are bullish and S&P gives DIS a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on DIS the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 27.5 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Walt Disney (DIS) Stock ReportSee what our analysts have uncovered about Walt Disney (DIS).