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World Wrestlin-A Set to Possibly Pullback After Yesterday's Rally of 1.84%

By James Quinn

World Wrestlin-A (NYSE:WWE) traded in a range yesterday that spanned from a low of $61.55 to a high of $63.09. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $62.59 on volume of 110,000 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 $52.69 and a high of $100.45 and are now at $62.65, 19% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.2%.

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