//WWE | Cup w/ Handle

WWE | Cup w/ Handle

By |2018-09-11T18:02:47+00:00September 10th, 2018|Current Watchlist|
SymbolIndustryLast PriceChange% ChangeVolume
DateSep 10, 2018Buy 89.25
SymbolWWEStop84.88
SectorConsumer CyclicalTarget 199.50
PatternCup w/ HandleTarget 2N/A
EarningsOct 29, 2018TradeLong

Updated 9/11/18

  ( ) is forming a Cup w/ Handle pattern.  The high handle is forming along the 9-ema providing support at $85.75 – 86.25.  The daily chart shows how WWE has historically respected the 9-ema and has not closed below since August 16th.  This area is a low-risk entry for aggressive traders if market conditions are favorable.   A breakout of the pattern would be $89.25.

Daily Chart 

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