Walt Disney (DIS) NewsBite - DIS Covered In Lee Allen Report Today

Posted: Thursday, November 13, 2008 2:50 PM EDT

Walt Disney (DIS) was covered in a Lee Allen Report today and the stock is now at $20.04, down $0.12 (-0.60%) on volume of 9,558,928 shares traded. To see the report, and read Lee's suggested economic recovery plan, go to http://www.iotogo.com/la111308 . Over the last 52 weeks the stock has ranged from a low of $20.03 to a high of $35.02. Walt Disney stock has been showing support around $18.95 and resistance in the $22.31 range. Technical indicators for the stock are neutral and S&P gives DIS a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on DIS the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]

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