Disney Stock Breaks the 200-Day Moving Average on Earnings Selloff. Should You Buy the Dip in DIS?

Disney (DIS) came in shy of revenue estimates this morning as linear TV weakness overshadowed the strength in its streaming business in the fourth quarter (Q4). Shares of the entertainment and mass media behemoth lost as much as 10% on Thursday morning, breaching a key support coinciding with their 200-day moving average (MA) at the $110 level. More News from Barchart Despite the post-earnings plunge, however, Disney stock remains up over 34% versus its year-to-date low in early April. www.barchart.com ...