Bullish Moving Average Cross by Weight Watchers (WTW)
Today, shares of Weight Watchers (NYSE:WTW) have crossed bullishly above their 10-day moving average of $10.19 on a volume of 1.2 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Weight Watchers share prices have moved between a 52-week high of $28.05 and a 52-week low of $3.67 and are now trading 202% above that low price at $11.08 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.3% while the 50-day MA has declined 1%.
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 13.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses weight watchers