EUD - Eurodisney

I recently noticed this stock on my radar but didn't pay any attention to it at the time. However I was just scanning through my chart database and the chart stood out - hence this post.

The stock floated just over a year ago at 48p and has traded in the range 40-48p until May 2001 when it broke out and moved up to a recent high of 72p. It has since retraced to 64p (nice 38.2% for all you fib fans).

Results were recently posted with moderate growth and at first I didn't find much information in the way of fundamentals or forecasts - however a bit more digging has turned up the fact that a new site is being developed for 2002.

I've put this on my watchlist.
 

Riz

Experienced member
1,266 5
One thing about EUD chart is that both price and RSI form long flat bases before major price movements both up and down...they're doing the same right now, a retest of 72 is not unlikely...another thing upbounces are sharp one usually don't find enough time to jump in...

Riz
 
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