Walt Disney (DIS) has been a horrible place to hide your money over the last five months.
And lets face it, since 2015, the stock has gone nowhere.
Now, I like everything Disney! Growing up in Florida, and still living in Florida today, I thoroughly enjoy heading over there for a half day and jumping on Space Mountain. Heck, I was there just last night. I hit Epcot for the food and wine festival and then headed over Magic Kingdom to ride Thunder Mountain and Pirates of the Caribbean.
But as far as the stock goes, I won’t touch it.
Now it has earnings tomorrow, and I think that will certainly determine the course the stock price takes going forward. In recent days, rumors of them buying Twenty-First Century Fox (FOXA) popped the stock quite a bite, and had it break out of its two month basing pattern to the upside. If earnings can give DIS a helping hand, then breaking major resistance right over current price, could be just enough to make getting long on DIS a viable trading opportunity, once again.
Check out this chart on Walt Disney (DIS):
