Should You Buy Walt Disney (DIS) After Golden Cross?
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The Walt Disney Company (DIS) has experienced a 'golden cross' event, where its 50-day simple moving average surpassed its 200-day simple moving average, indicating potential bullish momentum.
December 06, 2024 | 4:00 pm
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The Walt Disney Company (DIS) has experienced a 'golden cross', a technical indicator suggesting potential bullish momentum as the 50-day SMA surpasses the 200-day SMA.
A 'golden cross' is a bullish technical indicator that occurs when a short-term moving average crosses above a long-term moving average. This suggests potential upward momentum for DIS, making it an attractive option for investors looking for growth opportunities.
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