WWE actually met two conditions for a bounce off of support. First, it found support at its lower 15.2 daily lower Bolinger Band and second, it had a green dot signal. Review my blog and glossary for definitions of these set-ups. In plain language, the stock, which is in an up-trend, has just bounce off of support. If I buy such stocks I place my stop below the recent low where it bounced (around 83.89 for WWE). Note the above average volume the past 3 up days when WWE found support.
