• Return to Headlines

Watch for Weight Watchers to Potentially Rebound After Falling 2.98% Yesterday

By Amy Schwartz

Weight Watchers (NYSE:WTW) traded in a range yesterday that spanned from a low of $44.24 to a high of $45.44. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $45.60 on volume of 812,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Weight Watchers on August 4th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.93. Since that recommendation, shares of Weight Watchers have risen 14.3%. We continue to monitor WTW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Weight Watchers has traded in a range of $9.37 to $49.32 and is now at $44.37, 374% above that low. The 200-day and 50-day moving averages have moved 1.31% higher and 1.02% lower over the past week, respectively.

Keywords: rebounders weight watchers

Ticker(s): WTW