After Yesterday's Rally of 2.16% Shares Could Potentially Pullback
Weight Watchers (NYSE:WTW) traded in a range yesterday that spanned from a low of $12.52 to a high of $14.58. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $13.60 on volume of 4.0 million 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 $3.67 and a high of $28.05 and are now at $12.84, 250% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has risen 1.0%.
SmarTrend is tracking the current trend status for Weight Watchers and will alert subscribers who have WTW in their portfolio or watchlist when shares have changed trend direction.
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