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World Wrestlin-A Set to Possibly Pullback After Yesterday's Rally of 3.09%

By Amy Schwartz

World Wrestlin-A (NYSE:WWE) traded in a range yesterday that spanned from a low of $90.17 to a high of $93.43. Yesterday, the shares gained 3.1%, which took the trading range above the 3-day high of $91.81 on volume of 463,000 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 $34.69 and a high of $97.69 and are now at $92.91, 168% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.8%.

SmarTrend recommended that subscribers consider buying shares of World Wrestlin-A on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.86. Since that recommendation, shares of World Wrestlin-A have risen 19.5%. 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