WW INTERNATIONAL INC

NASDAQ

WW

Bullish Pennat

Nice earnings push. Now not giving anything back despite general market weakness. Regained daily 200MA and weekly 30MA flattens out. At 0 level for Mansfield RS. Overall, WW is back on my watchlist, if general market continues to be weak or corrects it most likely will take WW down too. Watching.

WW long term to break out of a channel with massive volume! EMA 200 has supported an uptrend channel. RSI traveling in a diagonal uptrend. The Ichimoku lagging span is out of the cloud over the price action.

$WW : Weekly Chart is setting up for higher prices Daily Chart: Possible gap fill at $29.59. Earnings around the corner.

Having dropped over 75% in one year, today NASDAQ:WW found some relief as a bearish analysts backed down somewhat as JP Morgan upgraded its investment rating on Weight Watchers (to neutral from underweight and raised its price target on the stock to $22 from $17, sending the stock more than 7% higher. "We believe that steps taken to redirect the marketing message...

bullish break likely. will be bullish volatility. not a bad idea to buy a call or do a call calendar

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Expectations are so low for Weight watchers and negativity is at a all time high,so it may just be the perfect conditions for a nice pop in earnings. Any good news what so ever will have a very positive effect on investor sentiment. This is a risky long but placing our stop lose on support offers a good RR on the trade. If the trade would happen to go against us...