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Tuesday, February 07, 2006 

Disney - Earnings beat expectations

Chart courtesy of stockcharts

Today Disney shares Up more than 7% and close with new year high at 26.71, after the company reported unexpected growth in first-quarter earnings thanks to strong performances at its parks and broadcast networks. Disney's earnings were boosted by strong performance from broadcast networks as well as from its parks and resorts. In broadcasting, sales were up 9% while operating income nearly doubled to $234 million from $125 million.
This upside movement was done with a huge volume, and now all indicators shows a potencial upside from here.
Prudential reiterated her overweight rating for Disney shares, but raised her stock price target to $36 from $34.
Resistances that we can find after this movement : 26.79
Supports : 26.27 ; 25.38

That's All. Have a great evening !!!

AC



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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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