Weight Watchers International (NASDAQ:WTW) #FTSE #Nasdaq It’s that time of the year when many folks thoughts turn to January & the unpleasant need to do something about this time of the year’s after effects! Is buying into WeightWatchers really a good idea?
At present, the share is trading around 46.50 and looks faintly troublesome for the future. Though, to be blunt, it looks very possible the share price intends loose some weight. The immediate situation looks like any enforced diet below 43 shall lead down to a slender 32.50. If broken, secondary calculates at 28.3.
Unfortunately, the extreme danger comes should 28.3 break as the share enters a region with ultimate bottom down at just 8. We cannot calculate a figure below this point.
To remove itself from this big picture potential dietary disaster, the share price requires better BLUE on the chart, presently at 56. In common with the prospects of avoiding chocolate this festive season, such a notion appears unlikely. Visually our best hope will be for a bottom at 32.50.
An interesting addendum to this tale comes from one of the T&T team. Apparently, WeightWatchers used to change their “points” system every 3 years or so. In recent times, this has become an annual thing, leading to folk needing buy the latest books and electronic scales. She become so irritated, she stopped attending their weekly classes and simply ate less!
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Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
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BRENT |
56.15 |
55.83 |
Success |
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GOLD |
1249.56 |
1245 |
‘cess |
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FTSE |
6676.51 |
6652 |
6638 |
6617 |
6728 |
6765 |
6800.5 |
6849 |
6688 |
‘cess |
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FRANCE |
4763.2 |
4751 |
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GERMANY |
10715.22 |
10680 |
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US500 |
2531.92 |
2526 |
Shambles |
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DOW |
23556 |
23446 |
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NASDAQ |
6437.87 |
6430 |
6389.5 |
6142 |
6630 |
6550 |
6589 |
6654 |
6450 |
‘cess |
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JAPAN |
20992 |
20968 |