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Weight Watchers International Inc. (WTW) soared 25.12% to close at new 52-week high Friday after the New York-based company reported earnings that topped Wall Street expectations and raised its outlook for the full year. This is bullish from a technical perspective. In fact, a closer look at the daily chart of WTW suggests that the stock has embarked on a rally that should test 46 at minimum but has overshoot target above 55. Just so that you know, initially profiled in our April 7, 2017 “Swing Trader BulletinWTW had gained more than 160% and remained well position. Below is an update look at a trade in WTW.

The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges. As shown, the underlying is in a short-term bullish trend when the price bars are painted in green. The underlying is in a short-term bearish trend when the price bars are painted in red. The yellow bars identify period of neutral or sideways trading pattern. Additionally, the light-blue shading represents the short-term trading range. A move above or below that range is considered overbought (as represents by the red shading) or oversold (as represents by the dark-green shading). Readings above or below the red and green shaded areas are considered extremely overbought or extremely oversold.

Chart 1.1 – Weight Watchers International Inc. (daily)

Our “U.S. Market Trading Map” rates WTW as a Buy. The overall technical outlook remains Bullish. Last changed August 4, 2017 from bearish. Over the past few days, WTW has been trending lower in a short-term corrective mode as it worked off overbought conditions. The July correction found support at the trend channel moving average (as represents by the white line in the chart). Friday’s rally pushed the stock above the July high, signified…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.


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