Please ensure Javascript is enabled for purposes of website accessibility

Sell Alert: The Walt Disney Company (DIS)

DIS was recommended by Stealth Stocks at $48.16 in Investment Digest issue 723, dated July 25, 2012.

“Frankly I do not like what I am seeing on the The Walt Disney Company (DIS, $50) charts. We have a pattern developing of lower lows and lower highs.

“While the company racked up impressive earnings a quarter or...

DIS was recommended by Stealth Stocks at $48.16 in Investment Digest issue 723, dated July 25, 2012.

“Frankly I do not like what I am seeing on the The Walt Disney Company (DIS, $50) charts. We have a pattern developing of lower lows and lower highs.

“While the company racked up impressive earnings a quarter or so ago with the ‘Avengers,’ I think it is going to have a hard time sustaining these earnings, especially if we suffer a recession and it looks like this is beginning to reflect it in the stock price. The stock has not made progress since August, so time to exit and replace with an uptrending alternative.”

- Dennis Slothower, Stealth Stocks, 12/3/12