Weight Watchers (NYSE: WTW)

Weight Watchers International, Inc. engages in the provision of weight management services primarily in North America, the United Kingdom, Continental Europe, Australia, and New Zealand. It offers various services and products that are built upon its weight management plans, including nutritional, exercise, and behavioral tools and approaches. The company also sells a range of products, including bars, snacks, cookbooks, food, and restaurant guides with PointsPlus values, Weight Watchers magazines, and PointsPlus calculators In addition, it provides Internet subscription products comprising Weight Watchers Online that offers online content, functionality, resources, and interactive Web based weight management plans; and Weight Watchers eTools, an Internet weight management product that allows users to manage the day-to-day aspects of weight management plans online, discover different food options, stay informed, and keep track of their weight management efforts. Further, the company offers iPhone and Android applications, which provide subscribers with access to a suite of weight-loss tools, as well as helpful content; and iPad application that offers subscribers with access to a set of recipe tools.

To review Weight Watcher’s stock, please take a look at the 1-year chart of WTW (Weight Watchers International, Inc.) below with my added notations:

 

Over the last (4) months WTW has created a couple of short-term price levels to watch. First, WTW has formed a clear resistance level at $57.50 (red). In addition, the stock has also been forming an uptrending support level (blue). These two levels combined have WTW stuck within a common chart pattern known as an ascending triangle that will eventually have to break one way or another.

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