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Wayfair Inc- A Bearish Moving Average Crossover Alert (W)

By James Quinn

Wayfair Inc- A (NYSE:W) shares have crossed bearishly below their 10-day moving average of $124.23 on a volume of 821K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Wayfair Inc- A has traded in a range of $76.60 to $173.72 and is now at $117.82, 54% above that low. The 200-day and 50-day moving averages have moved 0.07% higher and 0.78% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Wayfair Inc- A on July 26th, 2019 by issuing a Downtrend alert when the shares were trading at $135.75. Since that call, shares of Wayfair Inc- A have fallen 7.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses wayfair inc- a

Ticker(s): W