I was looking at one of my favorite stocks in the entertainment business today because my wife's nephews love this Hanna Montana and High School Musical stuff. And apparently it has been a real winner for Disney according to there recent earnings release statement that suggests great promise from these two brands and there ESPN.com brand. However, as a short-term trader I think Disney is in for a slight correction according to the standard MACD indicator prompted by a run up since its close at 28.12 on Jan. 17, 2007. I think anyone looking for an entry point should what for a slight sell off before buying back in to Disney. Just to get a little bit of a discount. Tell me what you think?
Sunday, February 10, 2008
Disney Chart
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