Stock Of The Day: Disney Buyers Get Aggressive After Breakout, Setting Up Next Move

Core Viewpoint - The Walt Disney Company's shares have experienced a significant rally, driven by stronger-than-expected growth, particularly from demand at US theme parks [1] Group 1: Stock Performance - Disney's stock saw a more than 10% increase on Wednesday, continuing to rally on Thursday [1] - The stock is approaching another breakout, as indicated by technical analysts [1] Group 2: Market Dynamics - Stock rallies often face resistance levels, which are price points where there is substantial sell interest [2] - When a market trends higher, a lack of sellers can lead to an uptrend as buyers compete for shares [2] Group 3: Resistance Levels - Resistance was previously noted around $101.65 in March, where the stock reversed and declined [4] - The recent news allowed Disney to break through this resistance, indicating that sellers at this level were no longer a factor [6] - Current resistance is observed around$106.50, attributed to remorseful buyers from January who are now selling [7][8]