Disney delays theme park reopening as COVID-19 cases surge

Walt Disney (DIS.US) - recent sharp increase of new coronavirus infections have forced Disney to delay the re-opening of theme park in California. Previously Disney planned to re-open its Disneyland resort in California on July 17. At the moment company is waiting for state officials to issue guidelines on theme park reopenings. Meanwhile The Wall Street Journal reports, that the July 24 premiere of "Mulan" may also be delayed due to uncertainty surrounding the reopening of movie theaters.

Disney (DIS.US) stock price broke below the upward trend line and is currently testing resistance at $112.09 per share. Should downbeat moods prevail, support at $98.67 per share may come into play. On the other hand , breaking above $112.09 may trigger a bigger upward move towards $121.60 resistance level. Source: xStation5

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