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Wayfair Inc- A Crosses Above its 10-day MA (W)

By Shiri Gupta

Wayfair Inc- A (NYSE:W) crossed over its 10-day moving average of $84.88 on a volume of 149K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Wayfair Inc- A has traded in a range of $55.33 to $100.14 and is now at $85.43, 54% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

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 12.8%. We continue to monitor W for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses wayfair inc- a

Ticker(s): W