Swing Trade Idea (DIS) – March 18, 2021
Our bullish trade for Thursday, March 18th is Walt Disney Corp (DIS). DIS is part of the Communications Sector (XLC). XLC has experienced a 3.6% gain and both 1M and 6M trends are bullish.
DIS has recently pulled back to an area of support at $191 providing a good risk/reward for a long entry. With a technical score of 7 (out of 10), DIS is a strong stock that will likely move higher.
As a stop loss, if DIS were to trade below $192 for multiple days, this would invalidate our analysis and we would focus on cutting losses on the trade. We also would consider cutting losses on this options trade if the value of the vertical spread moves above $10.70.
