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Watch for World Wrestlin-A to Potentially Pullback After Gaining 15.44% Yesterday

By James Quinn

World Wrestlin-A (NYSE:WWE) traded in a range yesterday that spanned from a low of $48.46 to a high of $51.33. Yesterday, the shares gained 15.4%, which took the trading range above the 3-day high of $43.96 on volume of 3.6 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, World Wrestlin-A share prices have been bracketed by a low of $16.77 and a high of $51.33 and are now at $50.25, 200% above that low price. The 200-day and 50-day moving averages have moved 0% lower and 0.41% higher over the past week, respectively.

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 12.1%. 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