Fast Money Traders Share Their Picks In The Media Sector
Steve Grasso spoke on CNBC's Fast Money about Walt Disney Co (NYSE: DIS). He said that its 50-day, 100-day and 200-day moving averages are clustered together and it looks to him that the stock is going to break down or break out on the upside. He likes the idea of buying the stock against its $90 support.
Brian Kelly is concerned that Disney can't move above $100. He would also consider buying it at $90, because he thinks the stock is range bound.
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