Wtw - Weight Watchers

Discussion in 'Investment Charts' started by longtermbull, Mar 22, 2017.

  1. longtermbull

    longtermbull Administrator Staff Member

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    There is support at $30 - dont panic! This might be the best buying opportunity for a long time. I see the company is also making a big push in the UK.
     
  2. gowiththeflow

    gowiththeflow Senior Investor

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    There is definitely underlined demand for the shares as they have bounced back fairly strongly from the recent sell-off. It won’t be plain sailing, there will be issues, watch this space!
     
  3. Chartman

    Chartman Senior Investor

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    Interesting to see that the recent sell-off prompted buyers to come back in, taking the share price above the recent support level and maintaining the upward momentum which began back in August/September. The share price would appear to be indicating good news in the future.
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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    I dont feel that the recent uptrend has been broken yet - seems to be some horse play between the bulls and the bears. Breakout on the upside soon?
     
  5. Chartman

    Chartman Senior Investor

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    This looks like a period of consolidation to me before another rally. The support lines are on the way up and will give the price something of a boost.
     
  6. longtermbull

    longtermbull Administrator Staff Member

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    These are still a buy in my book - stereotypical consolidation phase at the moment then a push, potentially through $40?

    I remember the not too distant days when they were in big trouble.
     
  7. Buyonthedips

    Buyonthedips Senior Investor

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    Looks to me like we have seen the first stage of a recovery, a turnaround in the company's fortunes from straight down to at least looking up. The next stage is consistant growth at which point we could see the shares push significantly higher.
     
  8. gowiththeflow

    gowiththeflow Senior Investor

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    This share price is, in my opinion, still in a consolidation stage and could move significantly higher in due course. The bounce from the low teens has been marked and I think there is a lot more to follow.
     
  9. Buyonthedips

    Buyonthedips Senior Investor

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    Like many I think there is a lot more upside to come from this one in the short to medium term.
     
  10. longtermbull

    longtermbull Administrator Staff Member

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    Does anyone have any idea what current broker recommendations/forecasts are?
     
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