Weight Watchers' Retreat From 4-Year Highs

The stock has leaped from its Aug. 3 close ($33.23) to a high of $49.32 Monday. The catalyst for the huge rally was a Q2 beat and raised guidance after the close on Aug. 3.

Its slightly higher opening print of $48.61 stands as the high for the session. The retreat from that high found support just above its August 11 low ($46.04), only reaching $46.36. The rebound off that low has taken the issue into the mid-$47 handle.