Should You Buy Disney Stock if It Breaks Below $100?
It's been more than three months since shares of Walt Disney (NYSE: DIS) closed in the double digits. "Can Disney stock stay above $100 this time?" I wondered then. So far, so buoyant, but with the media giant's shares drifting back to the century mark, it's a matter worth revisiting.
If Disney buckles below $100 again, is it a buying opportunity or a red flag? The stock is still beating the market this year with its 14% gain through Tuesday's close. However, after three straight years of losing to the market, you can't blame Disney investors for being worried.
I'm not a worried Disney investor. Let me dive into the reasons why I would approach a continued pullback as a buying opportunity.
Source Fool.com
