• Return to Headlines

Shares of Weight Watchers Rise Above Previous 52-Week High

By Nick Russo

Shares of Weight Watchers (NYSE:WTW) traded at a new 52-week high today of $95.09. Approximately 311,000 shares have changed hands today, as compared to an average 30-day volume of 2.1 million shares.

Over the past year, Weight Watchers has traded in a range of $26.43 to $95.09 and is now at $94.52, 258% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 2.3%.

Weight Watchers (NYSE:WTW) defies analysts with a current price ($94.52) 3.2% above its average consensus price target of $91.50. The stock should find initial support at its 50-day moving average (MA) of $74.12 and further support at its 200-day MA of $58.28.

Weight Watchers International, Inc., is a provider of weight control programs. The Company operates through a network of company-owned and franchised operations. Members attend weekly Weight Watchers meetings to receive group support and education about healthy eating patterns, behavior modification, and physical activity.

SmarTrend recommended that subscribers consider buying shares of Weight Watchers on March 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $66.67. Since that recommendation, shares of Weight Watchers have risen 41.3%. We continue to monitor WTW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows weight watchers

Ticker(s): WTW