Weight Watchers has been on a roll in 2018, and it’s not all due to the Oprah effect. The stock usually surges at the start of each year when people vow to get healthy and lose weight (who knows how it ends, but those resolutions are rampant!).
After some sideways action in the 40’s and a volatile move up (definitely Oprah-related) in November, you can see a strong breakout on the chart that started in December.
Money flow has been uber strong, and while the MACD has rolled over a bit, I interpret that as the stock settling down. The RSI is strong and sloping upward at a nice trajectory. We are bullish on this name and included it in our Explosive Options portfolio.
Weight Watchers (NYSE: WTW) Video Chart Analysis
Take a deeper dive into the chart action on Weight Watchers NYSE: WTW and learn how to read the technicals. Get Bob Lang’s full analysis as he marks up our chart of the week.
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About Weight Watchers
Weight Watchers International, Inc. is the largest provider of weight control programs in the world. The core of their business is weekly meetings, in which they present thier scientifically designed program, incorporating group support and education about healthy eating patterns, behavior modification and physical activity.
