Weight Watchers International, Inc. (NYSE: WTW)

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.
Please take a look at the 1-year chart of WTW (Weight Watchers International) below with my added notations:

WTW has held a very important level of support at $19.50 (blue) since March. No matter what the market has done lately, WTW has not broken $19.50. Now the stock is approaching $19.50 again and that might provide another bounce higher. However, the stock’s insistent downtrend against a rising market implies an eventual breakdown.

The Tale of the Tape: WTW has a key level of support at $19.50. A trader could enter a long position at $19.50 with a stop placed under the level. If the stock were to break below the support, a short position would be recommended instead.
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