Weight Watchers has been on a roll in 2018, and it’s not all due to the Oprah effect. The stock usually surges at the start of each year when people vow to get healthy and lose weight (who knows how it ends, but those resolutions are rampant!).

After some sideways action in the 40’s and a volatile move up (definitely Oprah-related) in November, you can see a strong breakout on the chart that started in December.

Money flow has been uber-strong, and while the MACD has rolled over a bit, I interpret that as the stock settling down. The RSI is strong and sloping upward at a nice trajectory. We are bullish on this name and included it in our Explosive Options portfolio.