Disney Higher Following Q3 Beat

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Walt Disney CoDIS
shares are trading higher by $2.40 at $115.40 in Friday's session. The catalyst for the rally is a Q3 beat for EPS by $0.06 on slightly lower revenues. After a higher open, it pulled back only $0.03 to $114.57 before heading higher. The ensuing rally has found resistance in the same area of a pair of highs from Tuesday ($116.40) and Wednesday ($116.83), peaking at $116.83.
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
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