Walt Disney Company (The)(DIS) has rising momentum with an uptrend

(29-Feb-2008) (29-Feb-2008) Walt Disney Company (The)(DIS) closed at 32.54, down -0.56 or -1.69 % today. Based on our analysis, Walt Disney Company (The)(DIS) has rising momentum with an uptrend.

The closing price of Walt Disney Company (The)(DIS) is above its 50 day moving average of 31.26 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Walt Disney Company (The)(DIS) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 30-Jan-2008, about 22 trading days ago.