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Shares of World Wrestlin-A Rise Above Previous 52-Week High

By James Quinn

World Wrestlin-A (NYSE:WWE) traded at a new 52-week high today of $67.70. So far today approximately 147,000 shares have been exchanged, as compared to an average 30-day volume of 1.5 million shares.

World Wrestlin-A (NYSE:WWE) defies analysts with a current price ($66.90) 34.8% above its average consensus price target of $43.62. The stock should find initial support at its 50-day moving average (MA) of $49.38 and further support at its 200-day MA of $34.93.

World Wrestlin-A share prices have moved between a 52-week high of $67.70 and a 52-week low of $20.09 and are now trading 233% above that low price at $66.90 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.4% while the 200-day MA has risen 1.9%.

World Wrestling Entertainment, Inc. is an integrated media and entertainment company with offices in the United States, Canada, and the United Kingdom. The Company conducts operations in live wrestling events, original television programming, music, publishing, advertising, licensing, and home video. World Wrestling distributes its programs to countries worldwide in various languages.

SmarTrend recommended that subscribers consider buying shares of World Wrestlin-A on April 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.87. Since that recommendation, shares of World Wrestlin-A have risen 70.2%. We continue to monitor WWE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows world wrestlin-a

Ticker(s): WWE