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Disney Is in Danger of a Deep Selloff

Shares of Disney (DIS) are trading just above the early August low. The stock has been struggling since its third-quarter earnings report sparked a huge buying wave back on Aug. 10. After gaining over 2.5% in the early going that day, Disnye faded into the close and has been drifting lower since. As overhead pressure continues to increase, Disney is setting up for more downside.

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