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Recent 52-Week High Exceeded in Shares of Wayfair Inc- A (W)

By Amy Schwartz

Wayfair Inc- A (NYSE:W) traded at a new 52-week high today of $114.23. Approximately 408,000 shares have changed hands today, as compared to an average 30-day volume of 1.5 million shares.

In the past 52 weeks, shares of Wayfair Inc- A have traded between a low of $55.33 and a high of $114.23 and are now at $113.75, which is 106% above that low price. The 200-day and 50-day moving averages have moved 0.83% higher and 3.33% higher over the past week, respectively.

Wayfair, Inc. retails household goods online. The Company offers bedroom, living room, kitchen and dining, home entertainment, home office, game room and bar, patio, hallway and entryway, and bathroom furniture. Wayfair offers products and services in the United States.

Wayfair Inc- A (NYSE:W) defies analysts with a current price ($113.75) 25.2% above its average consensus price target of $85.05. The stock should discover initial support at its 50-day moving average (MA) of $84.83 and subsequent support at its 200-day MA of $78.54.

SmarTrend recommended that subscribers consider buying shares of Wayfair Inc- A on May 3rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.06. Since that recommendation, shares of Wayfair Inc- A have risen 51.7%. We continue to monitor W for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows wayfair inc- a

Ticker(s): W