Short - WWE
Updated
WWE trends well with moving averages.
Catalyst
Despite a decent earnings report that beat estimates and Morgan Stanley calling for a $65 price target the stock has not responded - a bearish signal.
Based on the technical the moving average crossed lower signaling a down trend and I forecast a move down to the 200 MA
From the current level of $54.20 and a target of $50 that is a 7.7% move.
Good luck
Catalyst
Despite a decent earnings report that beat estimates and Morgan Stanley calling for a $65 price target the stock has not responded - a bearish signal.
Based on the technical the moving average crossed lower signaling a down trend and I forecast a move down to the 200 MA
From the current level of $54.20 and a target of $50 that is a 7.7% move.
Good luck
Trade closed manually
trade going against me -closing it out at a small loss
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