Wolverine World Wide Inc. (NYSE: WWW)

Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through Lifestyle Group, Performance Group, and Heritage Group segments. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; children’s footwear; industrial work shoes, boots, and apparel; and uniform shoes and boots.
Take a look at the 1-year chart of Wolverine (NYSE: WWW) below with added notations:

WWW had been declining rapidly into the end of 2015, but in January the stock began to rally, and then moved into a sideways trading range. While in that sideways move, the stock has formed a common pattern known as a rectangle. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern.
The WWW rectangle pattern has formed a resistance at $20 (red), and a $16.50 support (green).  At some point the stock will have to break one of the two levels.

The Tale of the Tape: WWW is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $16.50 or on a breakout above $20. The ideal short opportunity would be on a break below $16.50.