A drop in shares doesn't necessarily mean it's time to turn the channel on Viacom, as details of expected merger with CBS will prove 'paramount.'
Disney's third-quarter miss comes in a weak broader market and could send the entertainment giant's shares below support.
Moviegoers are riding greater confidence in the Japanese economy, and buying film tickets at higher prices. This summer looks set to deliver strong box-office sales in Japan.
While lagging in technology, DIS could position itself as a direct-to-consumer provider of hit films and programming in battle with Netflix and Amazon.
Traders should be aware that the marketplace is a discounting mechanism and approach Disney shares accordingly.
"The Lion King" is off to a roaring start for the company but is just the latest hit this year for the House of Mouse.
Buying the dip on disappointing news out of the streaming giant may not be a successful strategy here.
A look at the latest charts and indicators.
However, traders would be wise to use stops if they want to shoot for this target.
NFLX has been stuck in a narrow trading range, but a breakout -- probably on the downside -- will happen eventually.