in February we published a blog post on Walt Disney (DIS) after Barron's wrote a
glowing story entitled "
The Magic is Back " about Walt Disney and its prospects for the
future. We said back then that Disney's FusionIQ ranking was only a 58 out of a
possible 100 and that at this point with only a 58 ranking it is still a bit
early to believe the magic is back for good. We then suggested the best plan of
attack was to wait for its FusionIQ rank to move back into bullish mode again by
seeing its ranking score move back to 70.
Well for the first time in several
years DIS is back to a FusionIQ score of 70. That said we now concur with
Barron's that Disney may indeed be back !