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