Walt Disney suffers from negative pressures - Analysis - 27-05-2016

Walt Disney's stock fell in the intraday levels, registering a small loss of 0.05% in the last session, or 0.05 points, as the stock is hurt by exiting a negative technical pattern that formed previously in the short term, the Rising Wedge pattern, with ongoing negative pressure from the SMA for the last 50 days period. 

Therefore we reaffirm our negative outlook for the stock, targeting the support of 96.15.