Is $WWE offering a low risk early entry?

2022年7月20日

Notes:
* Strong up trend on all time frames
* Great earnings track record
* Consolidating for the past ~14 months
* Now approaching resistance of its base
* Bouncing off of its 50 day line with higher than average volume
* Showing tonnes of relative strength and signs of accumulation
* Printed a pocket pivot indicating institutional buying

Technicals:
Sector: Communication Services - Entertainment
Relative Strength vs. Sector: 1.55
Relative Strength vs. SP500: 1.64
U/D Ratio: 1.62
Base Depth: 49.38%
Distance from breakout buy point: -7.8%
Volume 67.5% above its 15 day avg.

Trade Idea:
* You can enter now as it's just moving off of its 50 day line with higher than average volume
* If you're looking for a better entry you might be able to find one around $63.18

* This stock usually has local tops when the price closes around 13.18% above its 50 EMA
* Consider selling into strength if the price closes 12.98% to 13.38% (or higher) above its 50 EMA
* The last closing price is 3.18% away from its 50 EMA