Stocks Trade Idea of the Week 13 February 2017
Once again, Trade Ideas technology points towards an opportunity for a short squeeze into earnings. WTW has earnings near the end of this month and is making noise technically speaking. The wedge breakout that is showing up on the “Trend Change” Top List scan is also showing a huge short float of 80%. The trade goes live and is conditional of WTW trading at 12.82 or higher today or this week.
Weight Watchers International, Inc. provides weight management services worldwide. The company operates in four segments: North America, United Kingdom, Continental Europe, and Other. It offers a range of products and services comprising nutritional, exercise, behavioral, and lifestyle tools and approaches. The company also engages in the meetings business, which presents weight management programs, as well as allows members to support each other by sharing their experiences with other people experiencing similar weight management challenges.
The opportunity exists for a short squeeze into earnings as the weak hands look to exit their short positions by buying in competition with other long side investors and traders. A reasonable upside target for WTW is 16.00. The suggested stop for risk management is 11.53. Please pay attention to the announced earnings date and use only an amount of shares that you can risk to 11.53 if the position does not work out.
You can also Check out “Holly” our New Artificial Intelligence Trade Ideas Investment Discovery Engine on our Showcase Page on the My Trading Buddy WebsiteYou Can also view our LIVE Stocks Watchlist on the My Trading Markets Analysis Magazine HERE – with Three groups of Stocks to Watch during the week. The Stocks Watchlist data will be for; Top 5 Stocks Up the Most over 5 Days % with Positive EPS, Top 5 Biggest % Movers into the Close and Top 5 Turnaround Candidates after Gap down.
Interactive Chart: We have included an interactive chart below where you can keep an eye on the WTW NYSE Stocks Trade Idea, Pop out the chart, change time frames and use drawing tools and indicators. You can do all your analysis on GoPro Inc right here in this post.