Long Position on DIS @ $99.00 on 1/20/2023 (Momentum)
The Walt Disney Company (DIS) operates as an entertainment company worldwide. 
It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products.
The company operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
It also offers direct-to-consumer streaming services through Disney+, Disney+ Hotstar, ESPN+, Hulu, and Star+; sale/licensing of film and television content to third-party television and subscription video-on-demand services; theatrical, home entertainment, and music distribution services; staging and licensing of live entertainment events; and post-production services by Industrial Light & Magic and Skywalker Sound.
In addition, the company operates theme parks and resorts, such as Walt Disney World Resort in Florida; Disneyland Resort in California; Disneyland Paris; Hong Kong Disneyland Resort; and Shanghai Disney Resort; Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions, and Adventures by Disney, as well as Aulani, a Disney resort and spa in Hawaii.
Shares have formed a bullish "
cup and handle" and are expected to move higher from this formation. Last night Netflix reported strong results, this may be the catalyst that share need to move higher. The company reports February 8th.
Entry Point: $99.00
Trading Range: $84.07 to $157.50
Stop Loss: $95.00
Target Price: $108.00
Updates
1/27/2023 10:47:40 AM
DIS closed at $110.05.
Position closed on 1/27/2023 at price of $110.05 with a 11.16% gain in 7 days.