Walt Disney Co.(DIS) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) Walt Disney Co.(DIS) closed at 33.64, up 0.41 or 1.23 % for the day. Based on our analysis, Walt Disney Co.(DIS) is in an uptrend but could lose its momentum.

The closing price of Walt Disney Co.(DIS) is above its 50 day moving average of 32.38 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Walt Disney Co.(DIS) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 20-May-2008, about 6 trading days ago.