Disney Shows Bullish Strength Despite Neo-Nazi Protests From DeSantis Supporters: Bull, Bear Case
Portfolio Pulse from Melanie Schaffer
Disney (NYSE:DIS) stock shows bullish strength, rising 0.8% in premarket trading despite recent protests from DeSantis supporters. The stock has rebounded 7% since its May 30 low of $87.01, and the bull flag pattern suggests it could rise towards the $98 mark.
June 13, 2023 | 2:13 pm
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Disney's stock is showing bullish strength, rising 0.8% in premarket trading. The bull flag pattern suggests the stock could rise towards the $98 mark.
The stock has rebounded 7% since its May 30 low of $87.01, and the bull flag pattern suggests it could rise towards the $98 mark. This bullish strength is despite recent protests from DeSantis supporters. The stock's rise is likely due to softer-than-expected consumer price index data, which gave investors hope the Federal Reserve will apply a pause when it issues its decision on interest rates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100