Oprah Winfrey and Weight Watchers

In my last post, I talked about putting on very few positions recently. Those who have checked out the trade list will have seen that one of the few was US stock Weight Watchers International Inc. 

Having been starved of many trading opportunities due to the market volatility, I was hungry to get back into the market. This came up on my scans a while back and when it triggered an entry I duly entered a position in mid-September (see chart below). As it turns out, my stop got hit triggering a modest loss a few days later.