Short-Sale Set Up - Weight Watchers Int'l (WTW)
|Published:||2 Jan 2018 11:25 ET|
Weight Watchers Int'l (WTW) broke hard last week as it pierced its 50-dma on heavy volume. This morning it has rallied back above the 50-dma on news that it has hired DJ Khaled as a "social-media ambassador." This sort of news rally may help set up a short-sale entry here as the stock pushes up into the 20-dema, using it as a tight stop.
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