In what will be the biggest news all year for my 2-year old daughter, Walt Disney
(DIS:
sentiment,
chart,
options)
has decided to move its full-length movies online for the first time. The decision was part of the coming "Wonderful World of Disney" series on ABC. Currently, "Finding Nemo" is available through Friday. Coming down the pike are "Monsters, Inc.," "Haunted Mansion," "Confessions of a Teenage Drama Queen," "Princess Diaries 2," "Freaky Friday," and "Peter Pan." I can just hear the chants of "Watch Nemo, Daddy! Watch Nemo, pleeease!"
But while my daughter may be ecstatic, investors appear more concerned with heavy selling pressure due to soaring crude prices. At last check, DIS was off more than 1.3%, and was clinging tightly to support in the 33 region - home to the stock's rising 10-day moving average.
Copyright Schaeffer's Investment Research http://www.schaeffersresearch.com