$DIS Short June 4, 2013 Analysis

DIS_JUNE_4_2013

Disney looks like a good short with a close below 61.98, which happens to be below a gap. Oscillators support the bearish move, although RSI is a little oversold. Volume supports the move as volume declined on an up day. It looks like we are in a double top! I’m keeping a close eye on this one.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s