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Bullish Moving Average Cross by Weight Watchers (WTW)

By Shiri Gupta

Weight Watchers (NYSE:WTW) crossed over its 10-day moving average of $11.26 on a volume of 321K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Weight Watchers share prices have been bracketed by a low of $3.67 and a high of $28.05 and are now at $11.38, 210% above that low price. The 200-day and 50-day moving averages have moved 1.31% higher and 1.02% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Weight Watchers on June 27th, 2016 by issuing a Downtrend alert when the shares were trading at $11.59. Since that call, shares of Weight Watchers have fallen 4.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses weight watchers

Ticker(s): WTW