World Wrestling Entertainment, Inc., an integrated media and
entertainment company, is engaged in the sports entertainment business
worldwide. It operates in four segments: Live and Televised
Entertainment, Consumer Products, Digital Media, and WWE Studios. The
Live and Televised Entertainment segment produced live events and
provides content for its television and other programming; designs,
markets, and distributes various WWE-branded products, such as t-shirts,
caps, and other novelty items; and offers pay-per-view programs. The
Consumer Products segment has a licensing program using its marks and
logos, copyrighted works, and characters on various retail products,
including toys, video games, apparel, and books; distributes home
entertainment DVD/Blu-ray products; and publishes WWE, WWE kids, and
several special magazines. The Digital Media segment operates Website,
WWE.com; provides advertising services; sells merchandise on its Website
at WWEShop Internet storefront; and sells broadband and mobile content.
The WWE Studios segment is involved in the production and distribution
of filmed entertainment content.
Please take a look at the 6-month chart of WWE (World Wrestling Entertainment, Inc.) below with my added notations:
There are two prices in particular that standout on WWE. The first is
the 52-week high resistance at $25 (red). The other is the $22 level
(green) that has been a key support throughout the entire month of
February. The stock appears to be on its way back down to the $22
support, which could provide a bounce higher.
The Tale of the Tape: WWE has key levels of $22 and
$25. A long trade could be made at $22, or on a break through $25, with a
stop placed below the level of entry. However, if the stock were to
break below $22 traders might want to look to get short on the stock.
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