$DIS Has Room To Run Until This Price Point
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Walt Disney Co (NYSE:DIS) has been on a one way track north, and is showing no signs of letting up. The stock closed at $108.98 on Friday but is likely going to trade much higher in the next week or two. The stock chart signals upside to $115.00 before it slams into major resistance. The resistance level is clearly shown in the stock chart below and is found by connecting two sets of major pivot points. When the lines are extended, they both merge at $115.00, giving pro investors and traders a great short trade level. Investors that are long should think about taking profits at $115, even if they choose not to go short. However, most pros will jump on this short level for great profits.
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This article was written by Tony Jackson for on .
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