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SmarTrend Watching for Potential Pullback in Shares of World Wrestlin-A After 2.32% Gain

By James Quinn

World Wrestlin-A (NYSE:WWE) traded in a range yesterday that spanned from a low of $72.36 to a high of $74.96. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $74.15 on volume of 425,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

World Wrestlin-A share prices have moved between a 52-week high of $100.45 and a 52-week low of $58.50 and are now trading 28% above that low price at $74.75 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

SmarTrend recommended that its subscribers protect gains by selling shares of World Wrestlin-A on May 13th, 2019 by issuing a Downtrend alert when the shares were trading at $81.35. Since that call, shares of World Wrestlin-A have fallen 10.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders world wrestlin-a

Ticker(s): WWE