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After Yesterday's Rally of 2.28% Shares Could Potentially Pullback

By Amy Schwartz

World Wrestlin-A (NYSE:WWE) traded in a range yesterday that spanned from a low of $75.14 to a high of $79.95. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $76.35 on volume of 1.2 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, shares of World Wrestlin-A have traded between a low of $20.44 and a high of $79.95 and are now at $75.93, which is 271% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 4.9% while the 200-day MA has risen 2.8%.

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 91.8%. We continue to monitor WWE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders world wrestlin-a

Ticker(s): WWE