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Look for Shares of World Wrestlin-A to Potentially Pullback after Yesterday's 2.56% Rise

By Shiri Gupta

World Wrestlin-A (NYSE:WWE) traded in a range yesterday that spanned from a low of $42.22 to a high of $44.12. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $43.65 on volume of 771,000 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, World Wrestlin-A share prices have been bracketed by a low of $40.24 and a high of $100.45 and are now at $43.32, 8% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 1.9%.

SmarTrend is tracking the current trend status for World Wrestlin-A and will alert subscribers who have WWE in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders world wrestlin-a

Ticker(s): WWE