WTW Future
Updated
Weight Watchers has been a wild ride for a few months, however recently the addition of Oprah to their team, and their first positive ER in years, might be enough to turn this company around and bring it back for round two.
The most recent ER came out beating yet stock the next day plunged, in the long term though, all that seems to have done is confirm a trend.
I believe we'll see this cruise back to the $14-$15 range by the end of the month, then possibly testing the trend once more in June - July, into the next ER which now many will expect to be positive.
WTW's projections for 2016 are looking good and Oprah plans to only expand her role in the company even more.
Though I typically would not be interested in investing in a company such as WTW, I believe there is money to be made here.
The most recent ER came out beating yet stock the next day plunged, in the long term though, all that seems to have done is confirm a trend.
I believe we'll see this cruise back to the $14-$15 range by the end of the month, then possibly testing the trend once more in June - July, into the next ER which now many will expect to be positive.
WTW's projections for 2016 are looking good and Oprah plans to only expand her role in the company even more.
Though I typically would not be interested in investing in a company such as WTW, I believe there is money to be made here.
Note
So far so good, but we're really going to see it test this support in the final day of this week (tomorrow/Friday 6/16/16). If it holds here, I believe this will stay up in the $14.50-$16.00 range until it breaks through the ceiling Pre/Post-ER.If it falls through though, we could see it take another whole support level step down to $12.00
I'll be waiting for that confirmation either way before I decide to add more.
Trade active
Added at $12 and price is currently $18.50Still holding.
Trade closed: target reached
Forgot to update this idea. Wow though, WTW really rallied hard these last few months. I knew it had some upward potential, didn't think it would see the $40 that it gap'd up to today!! Started this long early 2016 when I first started investing and accidentally bought the highs. Averaged down as much as I could in the lows, and held on tight.
Had about a $13.50 average and rode it to $27.50
I was more than happy with an %80+ return over 16mo.
Lessons learned here were how well patience can pay off, stick with your gut feeling despite the nay sayers, & hold a little at the end just in case it keeps running.
Had I held, I could not see myself keeping that position past $32, I would have thought it would not go higher at that price for sure.
Almost tempting to short it at these levels.
Maybe another day.
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