Walt Disney Co DIS shares are trading higher by $0.57 at $113.00 in Tuesday's session. The catalyst for the rally in a weak tape is that the stock was added to the Conviction Buy list at Goldman Sachs.
After a higher open, Disney's stock rallied only another $0.15 to $113.83 before reversing course. That high coincides with its recent high for the move on April 5 at $113.84.
So far, the ensuing decline found support just under the top of Monday's range ($112.89) at $112.67 and is attempting to remain in the $113.00 handle. The highest close for the stock since it bottomed last October was on March 31, when it ended that session at $113.39.
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