$WWE Rising Wedge - Short

4 Oca 2019

WWE Approaching upper resistance line on long term rising wedge with a low volume rally today. Fundamentally this stock looks very over-priced with a P/E of 84x...almost as high as Netflix 93x...except with 5% of NFLX revenue, 5% of NFLX earnings growth, and less than a third of NFLX revenue growth. Up over 130% from the start of 2018, this stock has much farther to fall. See chart for medium and long term targets.



Note: Informational analysis, not investment advice.