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After Yesterday's Rally of 1.54% Shares Could Potentially Pullback

By Amy Schwartz

Weight Watchers (NYSE:WTW) traded in a range yesterday that spanned from a low of $52.74 to a high of $54.66. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $53.78 on volume of 735,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Weight Watchers share prices have been bracketed by a low of $41.15 and a high of $105.73 and are now at $54.56, 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.1% while the 200-day MA has slid 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Weight Watchers on September 6th, 2018 by issuing a Downtrend alert when the shares were trading at $68.00. Since that call, shares of Weight Watchers have fallen 21.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders weight watchers

Ticker(s): WTW