Like a lot of the market, MRF took some hits but lately it has been inching up. Is the market looking to help it back to its former glory around 95?
We'll be watching this one if not for anything other than learning about this "new market normal".
Alright, now that I got the corny title out of the way we can talk about why this stock will do well. This recent drop was huge and the trend is getting close to the 30 week moving average at around $27, it's been trading above the 30 week MA so at this point buying the pullbacks to the 30 week makes sense. The S&P 500 is trending up from the recent break out and...
The stock price of Weight Watchers seems to starting a up trend, it can be a good opportunity to trade some shares of the WTW.
My sugestion:
Entry point: 13.30
Stop loss: 6.64
Profit target: 27.62
