Weight Watchers International, Inc. provides weight management
services in North America, the United Kingdom, Continental Europe,
Australia, New Zealand, and internationally. The company operates
through North America, United Kingdom, Continental Europe, and Rest of
World. It offers a range of products and services comprising
nutritional, exercise, and behavioral tools and approaches. The company
also provides various products, including bars, snacks, cookbooks, food,
and restaurant guides with PointsPlus values, Weight Watchers
magazines, PointsPlus calculators, and fitness kits, as well as
ActiveLink, an activity monitor and Web experience that tracks activity
throughout the day. In addition, it offers Internet subscription
products, such as Weight Watchers Online that offers online and mobile
content, functionality, resources, and interactive Web-based weight
management plans; and Weight Watchers eTools, an Internet weight
management product, which allows users to manage the day-to-day aspects
of weight management plans online or via their mobile devices, discover
different food options, and keep track of their weight management
efforts.
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:
WTW has been in a persistent downtrend since August of last year.
During that time the stock has also formed an important trend line of
resistance (blue). Always remember, any (2) points can start a trend
line, but it’s the 3rd test and beyond that confirm its importance. So,
WTW obviously has a very important trendline of resistance that
currently sits near $25.
The Tale of the Tape: WTW is currently stuck under a
down trending resistance. A break above resistance should mean higher
prices, thus a long trade could be made. Short traders might look to
enter a trade at the resistance.
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