$WWE Approaching upper resistance line on long term rising wedge with a low volume rally today. Fundamentally this stock looks very over-priced with a P/E of 84x...almost as high as Netflix 93x...except with 5% of NFLX revenue, 5% of NFLX earnings growth, and less than a third of NFLX revenue growth. Up over 130% from the start of 2018, this stock has much farther...
Engulf candle, likely mtm carry on
next support 77.3
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I want to take a sleeping pill because I have never seen anything like this in my entire life. WHAT IS THIS NONSENSE??? WHAT JUST WHATTT!!!!!!
I BEG YOU ALL TO PUT THIS THING IN YOUR WATCH LIST! WHEN WE HAVE A CRASH THIS IS GOING TO BE HUGEEEEEEEEEEE!!!!!!!
Large TV deals are on the way but there will be negotiation, no one wants to overpay for the wrestling audience
How much more good news can come out?
Stock price risk of a move towards the averages, could be a smackdown
Wells Fargo analyst raises price target to $75, another sign to get away
WWE seems breaking down from an upward channel formation along with strong Twiggs money flow divergence. It also seems a downward momentum short setup. We think it has good chance to continue downward.
To trade this we would consider $32 July puts @ 1.17
* Trade Criteria *
Date First Found- March 13, 2018
Pattern/Why- Upward channel breakout Momentum short....