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Watch for Continued Losses in Shares of Wabash National (WNC)

By David Diaz

Shares of Wabash National (NYSE:WNC) traded at a new 52-week low today of $16.78. This new low was reached on below average trading volume as 89,000 shares traded hands, while the average 30-day volume is approximately 538,000 shares.

Wabash National (NYSE:WNC) has potential upside of 48.4% based on a current price of $16.98 and analysts' consensus price target of $25.20. Wabash National shares should first meet resistance at the 50-day moving average (MA) of $18.48 and find additional resistance at the 200-day MA of $20.45.

Over the past year, Wabash Nationalhas traded in a range of $16.78 to $26.54 and are now at $16.98. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.7%.

Wabash National Corporation designs, manufactures, and supplies trailers. The Company offers dry freight and refrigerated vans, flatbed, drop deck, dump trailers, truck bodies, and stainless steel vessels. Wabash National serves customers in North America.

SmarTrend is tracking the current trend status for Wabash National and will alert subscribers who have WNC in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows wabash national

Ticker(s): WNC