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Shares of Wyndham Worldwide Rise Above Previous 52-Week High

By David Diaz

Wyndham Worldwide (NYSE:WYN) traded at a new 52-week high today of $89.60. This new high was reached on below average trading volume as 71,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.

Wyndham Worldwide has overhead space with shares priced $89.29, or 0.1% below the average consensus analyst price target of $89.40. Wyndham Worldwide shares have support at the 50-day moving average (MA) of $75.13 and additional support at the 200-day MA of $74.75.

Wyndham Worldwide Corporation is a hospitality company. The Company franchises hotels in the upscale, midscale, and economy segments of the lodging industry and provides hotel management services to owners of luxury, upscale and midscale hotels, provides vacation exchange products and services, and develops, markets, and sells vacation ownership interests to individual consumers.

Wyndham Worldwide share prices have moved between a 52-week high of $89.60 and a 52-week low of $60.59 and are now trading 47% above that low price at $89.29 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Wyndham Worldwide on November 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.79. Since that recommendation, shares of Wyndham Worldwide have risen 25.7%. We continue to monitor WYN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows wyndham worldwide

Ticker(s): WYN