Long Position on WWE @ $87.00 on 9/7/2018 (Momentum)

World Wrestling Entertainment, Inc. (WWE) engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

The company operates through Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, and WWE Studios segments.

It operates WWE Network, a live streaming network that offers pay-per-view events, original programming, and video-on-demand library; and produces television programming, reality shows, and other programming, as well as produces content via home entertainment platforms, including DVD, Blu-Ray, subscription, and transactional on-demand outlets.

The company also offers broadband and mobile content through its Websites and third party Websites; produces live events; and licenses various WWE themed products, such as video games, toys, apparel, books, and music.

In addition, it designs, sources, markets, and distributes various WWE-branded products, such as T-shirts, belts, caps, and other novelty items; operates WWEShop, an e-commerce storefront; and WWE Studios that produces and distributes filmed entertainment content, such as movies for theatrical, home entertainment, and/or television release. 

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

Entry Point: $87.00

Stop Loss: $82.65

Trading Range: $21.22 - $88.95

Target Price: $95.70

Updates

2/12/2019 9:50:06 AM

WWE closed at $88.05

Position closed on 2/12/2019 at price of $88.05 with a 1.21% gain in 158 days.

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