WMK: Bullish Pennant (23%) Ascending Triangle (44%)WMK is showing a bullish pennant on the daily chart with a possible target price of 79.10$.
The weekly chart's ascending triangle shows some additional potential gains with a price target of 86.05$.
The weekly chart of the sector to which WMK belongs (Consumer Staples) is currently into a confirmed ascending Triangle with a possible total price action increase of 26%. This will help push WMK towards its daily and weekly price targets.
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WMK trade ideas
Weis Markets $WMK "uncorfirmed double bottom"$WMK will try to break $49.84. To confirm the double bottom needs to hold above it.
12 months Consensus Price Target: NA
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WMK buy the bad news WMK bounced perfectly off its long term up trend at $43.67. This line has been tested successfully 4 times in a year and I expect it to hold again. Weiss Markets (WMK) was beat up undeservedly on Amazon grocery news. Price target $50 also WMK could be a merger or take over candidate for Amazon or others.