WW6 trade ideas
Weight Watchers about to gain some weight :DAlright, now that I got the corny title out of the way we can talk about why this stock will do well. This recent drop was huge and the trend is getting close to the 30 week moving average at around $27, it's been trading above the 30 week MA so at this point buying the pullbacks to the 30 week makes sense. The S&P 500 is trending up from the recent break out and that will be the main reason why this would go up. Today volume came in on that big drop and you can see it if you zoom into the 1hr chart, trade this on the weekly just look at the volume for reference on the 1hr. Could it drop a little further? Possibly, but i'd trade this by buying it here and buying more on the way to $27 if it were to continue dropping. The RSI is centered out and the MACD seems to have a way to go so the stock has momentum for what I believe might be 2 big moves to $45 and $65. Let me know what you guys think and feel free to post your ideas!
$WW Breaking Out To The Upside$WW has been a roller coaster ride for investors. After dropping to as low as $16.71, the stock is back above $40. For the year, the stock is up only 4%. We think the stock is set to keep climbing judging from the chart and how investors reacted to its Q3 earnings report. While the stock gapped down, it has since closed the gap and is now trading higher. We believe $WW has a lot more room to run and we are bullish.
WW International, Inc. provides weight management services worldwide. The company operates in four segments: North America, Continental Europe, United Kingdom, and Other. It provides a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches. The company offers various digital subscription products to wellness and weight management business, which provide interactive and personalized resources that allow users to follow its weight management program via its Web-based and mobile app products, including personal coaching products; and allows members to support each other by sharing their experiences with other people on weight management and wellness journeys. Further, it provides various products, including bars, snacks, cookbooks, kitchen tools, and other products. Additionally, the company licenses its trademarks and other intellectual property in food, beverages, and other consumer products and services. It offers products through its e-commerce platform, magazine subscriptions, publishing, and third-party advertising in publications; and through Websites and sales from the By Mail product. The company was formerly known as Weight Watchers International, Inc. and changed its name to WW International, Inc. in September 2019. WW International, Inc. was founded in 1961 and is headquartered in New York, New York.
There's also Oprah :-)
As always, use protective stops and trade with caution.
Good luck to all!
WW LONGOn November 11 WW came out with a new FLEX Program - get FIT for the Holidays Common sense tells people are flocking to WW for this program. WW has a STRONG BUY on Market Watch and Tradingview.com
Weight watchers getting ready to fly ! WW long term to break out of a channel with massive volume!
EMA 200 has supported an uptrend channel.
RSI traveling in a diagonal uptrend.
The Ichimoku lagging span is out of the cloud over the price action.
WW: back on watchNice earnings push. Now not giving anything back despite general market weakness. Regained daily 200MA and weekly 30MA flattens out. At 0 level for Mansfield RS. Overall, WW is back on my watchlist, if general market continues to be weak or corrects it most likely will take WW down too. Watching.
$WW Swing Idea $WW : Weekly Chart is setting up for higher prices
Daily Chart: Possible gap fill at $29.59. Earnings around the corner.
Weightwatchers gains a few $$$$$ on upgrade.Having dropped over 75% in one year, today NASDAQ:WW found some relief as a bearish analysts backed down somewhat as JP Morgan upgraded its investment rating on Weight Watchers (to neutral from underweight and raised its price target on the stock to $22 from $17, sending the stock more than 7% higher.
"We believe that steps taken to redirect the marketing message to dieting have worked to stabilize recruitment trends," JPMorgan analysts wrote in a note to clients.
The health and wellness company saw its stock tumble nearly 30% on Feb. 26 after its fourth-quarter results and guidance fell short of Wall Street’s expectations, prompting downgrades from a slew of analysts. The stock had already been falling badly from a 52-week high of $96.47 reached in July 2018. It bottomed at $16.71 on May 31 and is 42% since.
Technically the stock is on the verge of a breakout and if successful there is a gap above with practically no price resistance offering up a 20% move for the bulls.
AVERAGE ANALYSTS PRICE TARGET $22
AVERAGE ANALYSTS RECOMMENDATION HOLD
P/E RATIO 9.7
SHORT INTEREST 14%
COMPANY PROFILE
Weight Watchers International, Inc. engages in the provision of weight management services. It operates through the following geographical segments: North America, United Kingdom, Continental Europe and Other. The North America segment consists of United States and Canada Company-owned operations. The United Kingdom segment includes United Kingdom Company-owned operations. The Continental Europe segment comprises of Germany, Switzerland, France, Spain, Belgium, Netherlands, and Sweden Company-owned operations. The others segment offers Australia, New Zealand, Mexico, and Brazil Company-owned operations, as well as revenues and costs from franchises in the United States. The company was founded by Jean Nidetch in 1963 and is headquartered in New York, NY.
"I LOVE BREAD"bullish break likely. will be bullish volatility. not a bad idea to buy a call or do a call calendar
$WW Lose a few $$$$$ or lose a few ££££££, in Weight Watchers Expectations are so low for Weight watchers and negativity is at a all time high,so it may just be the perfect conditions for a nice pop in earnings. Any good news what so ever will have a very positive effect on investor sentiment. This is a risky long but placing our stop lose on support offers a good RR on the trade. If the trade would happen to go against us the next support levels are $17 and just below $10 so a quick switch to a short offers a healthy reward also.
