Disney Stock Pushes Against Recent Range, Testing Key Resistance

Walt Disney Co.'s shares have been on a tear lately, closing at $110.61 on the NYSE, up 2.63% on the day and 14.44% over the past month.

This recent gain is significant because it has allowed Disney to break above both its SMA20 and SMA50, indicating that the market is still rewarding the stock for its strength rather than fading it.

However, the chart also shows a more delicate point: the shares are sitting almost exactly at the Bollinger upper band at $110.95, which means the latest advance is testing the edge of what the recent trend has already priced in.