WWE has found a floor of support below $11 and has been trading between $11 and $12 for over a month. The $12 level is near term resistance, and price action seems to indicate that buyers want in more then they want out after the significant sell off in recent months.
On a fundamental level, the company is struggling to prove the viability of its streaming online WWE Network. Nonetheless, the company is advancing new stars such as Roman Reigns, Dean Ambrose, and Seth Rollins. Perhaps a focus on newer talent is what the WWE needs to reignite interest from its established fan base. The question is: will it reignite interest from investors as well?
Blog Post dated 07/06/2014: www.syncubate.com/bl...-rise-after-the-fall
On a fundamental level, the company is struggling to prove the viability of its streaming online WWE Network. Nonetheless, the company is advancing new stars such as Roman Reigns, Dean Ambrose, and Seth Rollins. Perhaps a focus on newer talent is what the WWE needs to reignite interest from its established fan base. The question is: will it reignite interest from investors as well?
Blog Post dated 07/06/2014: www.syncubate.com/bl...-rise-after-the-fall
