Walt Disney Co. (DIS) is set to report its fiscal fourth-quarter earnings after the close Thursday. Numbers do not tell the whole story with Disney as investors over the years have looked ahead to new projects and movies and business deals in this fast-changing industry. Let's see what the charts and technical indicators look like Thursday morning to see if traders are taking a bullish or bearish position ahead of the numbers.
Bottom-line strategy: Nothing is certain when it comes to investing and traders reactions but my sense of the charts and indicators tell me that DIS is more likely to trade higher in the days ahead. Longs should risk a close below $127 now.