I saw a bullish chart pattern in Disney stock a few days ago and I went in on a short term long trade keeping my finger cross.
And bingo, today Disney was upgraded to a $42 target by BOFA.
Went in when the stock retraced to its neck line. at $30.88. I sold it at $32.6 today. Not a big profit, but it shows how stock charts tell stories.
Merrill Lynch/BofA is making a significant call on Disney (NYSE:DIS) upgrading to name to a Buy from Neutral while raising their price target to $42 (prev. $33), implying 33% upside.
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