The Chart of the Day belongs to Weight Watchers International (WTW). I found the weight control by using Barchart to sort the Russell 3000 Index stocks first for the highest Weighted Alpha, then for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 8/7 the stock gained 9.83%.
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 their scientifically designed program, incorporating group support and education about healthy eating patterns, behavior modification and physical activity.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 12 new highs and up 32.71% in the last month
- Relative Strength Index 73.09%
- Technical support level at 48.06
- Recently traded at 47.41 with a 50 day moving average of 35.61
Fundamental factors:
- Market Cap $3.11 billion
- P/E 35.06
- Revenue expected to grow 11.30% this year and another 6.50% next year
- Earnings estimated to increase 41.70% this year, an additional 22.60% next year and continue to compound at an annual rate of 15.60% for the next 5 years
- Wall Street analysts issued 1 buy and 1 hold recommendation on the stock
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