NEW YORK (TheStreet) -- Shares of Weight Watchers  (WTW) - Get Report are gaining by 0.69% to $14.69 in early-afternoon trading on Thursday.

Earlier this month, the company reported a narrower-than-expected loss for the 2016 first quarter and boosted its full-year profit outlook.

The stock is nonetheless down roughly 35% so far this year. 

Weight Watchers is a New York City-based provider of weight management services

TheStreet's Chris Versace and Bob Lang of Trifecta Stocks have identified Weight Watchers as the "Chart of the Day." Here is what Versace and Lang had to say about the company:

The range of Weight Watchers is defined and it appears a move past resistance at $16 is imminent.

Volume levels have been rising on the positive days, while relative strength shows improvement after a weak earnings outlook in February.

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There is still much work to do on the chart, but now we see this above the upper Bollinger band (bullish) and with some room to move upward.

This stock is not overbought yet, and given there is an imminent moving average convergence divergence (MACD) buy signal, we would think there is some upside to be had toward $17.

-Chris Versace and Bob Lang " Chart of the Day: Weight Watchers" originally published on 5/26/2016 on Trifecta Stocks.

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Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D+.

Weight Watchers's weaknesses include its deteriorating net income and feeble growth in its earnings per share.

You can view the full analysis from the report here: WTW

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.