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Friday, May 7, 2010

Disney - The great bull run not over yet.... journey from $32.50 to $44

The market turmoil on 5/6/10 sent DIS stock tumbling 12% intraday lows to $31.00, that was 17% price correction from local peak of $37.98. It was a great buying opportunity today if Markets will let you hold on to any lucky buys you did during turmoil today.

Disney has been trading close to 20% above its 200 day moving average. With recent turmoil, I expect DISNEY to consolidate near $32.50 during summer time & should hit $44 this year.





Fundamentals look good for DIS, only watchout I'd have is that DIS must improve its operating margins.


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