The Walt Disney Company (DIS) was higher in early market trading Thursday as traders like the latest earnings report and restructuring news from the mouse house.
Let's check out the charts and indicators.
In this daily bar chart of DIS, below, we can see the price movement through Wednesday's close. Prices are trading above the bottoming 200-day moving average line and above the rising 50-day moving average line. The trading volume has been more active since early November and prices made a low in December.
The daily On-Balance-Volume (OBV) has bottomed since July and suggests a shift to more aggressive buying from aggressive selling. The Moving Average Convergence Divergence (MACD) oscillator turned bullish in January but has narrowed in recent days.