The online giant's stock may not make a new high, but a longer-term upside breakout is possible based on its technical signs.
The upside potential of the merged media giant is even greater than an initial working of the numbers suggested.
What's the big attraction to a business like Roku's? Plain and simple, a fair number of consumers actually enjoy the convenience of the cable box. Even cord cutters.
We'll track a dozen beaten-up stocks that could be subject to tax-loss selling at the end of 2019 to see whether they can stage comebacks in 2020.
Let's check out the charts and indicators.
Traders would do well to find another stock to trade right now.
The media giant's technical signals hint at an upside move in its stock.
DIS is one of the best in creating worlds. That separates it from other media companies.
Do I think the shares go higher later? Probably.
Although I don't want to make it a large play, I'm thinking a small risk reversal using spreads might be worth a shot.