Weight Watchers Struggling To End 5-Day Winning Streak

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Weight Watchers International, Inc.WTW
shares were seen trading lower by $0.20 at $11.85 in Tuesday's session. The issue is attempting to extend its five-day winning streak, which has taken the issue from its December 16 close of $10.09 to a peak of $12.50 on Thursday. It fell back to end Friday's session at $12.05, which marks its first close over $12.00 since mid-November.

After a flat open, it had a brief decline to $11.51 before mounting a rally. The ensuing rebound has found resistance just ahead of Friday's high ($12.25), only reaching $12.23. Since making that high, it has been struggling to remain in the $12 handle.

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